DeFi Renaissance Incentive Program (DRIP)

Level K voted FOR this proposal on snapshot.

We welcome the collaboration of the AF, OCL, and Entropy. We think this partnership is positive for Arbitrum, and we look forward to reports from the committee. We believe this team is well-positioned to help Arbitrum further strengthen its position.

As mentioned by KlausBrave, this is a shift from previous proposals, but not unexpected after the A Vision for the Future of Arbitrum announcement from the AF. That said, we believe there are particulars about DAO involvement that need to be worked out, as mentioned by L2beat. This is important as it will likely set a precedent for future proposals that utilize AAEs.

As for concerns that the DAO lacks input or oversight in the execution of this proposal, we lean towards the DAO putting trust in AAEs to execute with the goal of giving Arbitrum a competitive edge.

We do recognize that this move could lead to the consolidation of the influence of incumbents within DAO. We hope that the dedicated delegates of the DAO will find a way to balance the competitive edge provided by giving influence to a select few, with the decentralized voice of the DAO being heard.

One point of clarification. Entropy mentions several times that they are the point of contact for all concerns/feedback regarding the proposal. What is the best way to get in contact with Entropy for those who do not have existing lines of communication?

Though not necessary, we do welcome direct communication from OCL and the AF.