Hi @jengajojo, thanks for sharing your comments and thoughtful questions. The purpose of the DDA model is to help Arbitrum DAO achieve the following:
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Aligned allocation of funds: Using the DDA model, community elected domain allocators of CGP 2.0 have funded 29 high quality proposals aligned with its roadmap
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Increased transparency: The Delegated Domain Allocator approach provides a clear and transparent process for allocating funds, ensuring stakeholders understand the decision-making process and building community confidence. Questbook, a decentralized grant management platform, provides a transparent space for teams to showcase their backgrounds and experience.
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Increased accountability: Each domain in CGP 2.0 is managed by a community elected domain allocator. These DAs are required to source and fund the best proposals while being accountable to the community and proposers. CGP 2.0 Domain allocators may be replaced through a community vote if their performance is not up to the standards accepted by the community
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Turnaround Time (TAT): We’ve maintained a communication TAT of less than 48 hours through the DDA model. Please find below some of the metrics related to CGP 2.0 which is being managed through the DDA model.
Sharing some feedback from the builders of the CGP 2.0
Here is the impact created by 3 months of Compound Grants Program:
- Total Proposals Received 75
- 29 proposals approved [38.6%]
- 15 applications first milestone completed
- 2 2nd milestone completed
- 1 3rd milestone completed.
- The total amount of funds committed*
- Protocol ideas and dapps by allthecolors: $247K
- Security tooling by Michael: $100K
- Multichain Strategy by Bobby: $62K
- Dev Tooling by Madhavan: $22K
- Total amount of funds disbursed*
- Protocol ideas and dapps by allthecolors: $144K
- Security tooling by Michael: $0K
- Multichain Strategy by Bobby: $25K
- Dev Tooling by Madhavan: $16K
Let us know if you have any other questions or concerns.