The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
While L2BEAT is also the DAO Advocate for the ARDC, we’re also delegates in Arbitrum DAO and we want to make it absolutely clear that the below reflects our opinion in our capacity as delegates and not as the DAO Advocate.
As Dolomite STIP application was flagged in the ARDC Research Member STIP analysis as one requiring additional investigation from delegates, we would like to challenge the bridge application so that delegates can form their opinion on whether the DAO should approve or reject additional funding for their inventive program.
We would like to emphasize that our posting of the challenge is not a statement as to whether or not this application should be funded, but merely an administrative act to solicit delegate input. We encourage Dolomite to respond to the comment in the ARDC analysis and provide further clarification on the effectiveness of their incentive program.
Below we quote the mentioned comment:
The oARB incentive mechanism could be seen as Dolomite selling ETH for ARB by some, and the protocol is aiming to implement it for the Bridge. It might be beneficial to have a wider community discussion regarding the incentive structure to establish clear rules around this—it’s likely that other protocols would want to utilize a similar mechanism, especially given that Dolomite’ growth numbers have been quite impressive, but the ethics around the oARB mechanism are somewhat unclear.