Establishing a DAO Events Budget for 2025

Just voted FOR on Tally, for the same reasons I outlined during the temp-check: link to forum post.

We vote FOR the proposal on Tally.

We maintain our position made at the Snapshot phase and continue to support the idea of establishing the 2025 events budget for the smooth budgeting process with a clear framework.

I voted ‘FOR’ on the proposal after reading all the documents. I maintain my view, as expressed in the temp check, that as a leading chain, we need to be present at all major events with a significant presence.

After consideration, the @SEEDgov delegation has decided to vote “FOR” on this proposal at the Tally Vote.

Rationale

We voted in favor (without reservations) during the temp check, and since the proposal has not undergone significant changes, we see no reason to alter our voting position.

Here is our prior rationale:

As @web3citizenxyz contributor, voted “FOR” onchain and this is our rationale.

First thing first, we don’t want to be the grumpy agent here, killing the good vibes events! We all want Arbitrum to have a strong presence at major events and more efficient planning. But this proposal is solving a problem by… creating more problems.

The Elephant in the Room: Redundancy

The Arbitrum Foundation already has an events team. They’ve got serious money for this - $5.26M for Events/Marketing/Comms in H1 2024. That’s not pocket change. Instead of working with what we’ve got, this proposal wants to:

  • Add more cooks to the kitchen
  • Create yet another approval process through Snapshot votes
  • Set up new financial hoops with MSS-controlled addresses
  • Toss another $1.5M at the problem

And for what? To do basically the same thing the Foundation is already doing.

“But What About Better Planning?”

Sure, the current system has issues with timing and upfront payments. But adding more layers of bureaucracy isn’t the answer. It’s like seeing a traffic jam and deciding the solution is to build another road right on top of the existing one.

We already have:

  • Foundation handling big events
  • Entity that can manage smaller events
  • Existing governance processes

A Better Way Forward

Instead of this complexity sandwich, why don’t we:

  1. Work on making the Foundation’s event planning more efficient. We’ve full time employee who should focus on create efficient events planning, right?
  2. Fix the upfront payment bottlenecks in the current system
  3. Create better ways for the community to give input to the Foundation team

Bottom Line

We’re essentially creating a parallel structure that will need to “coordinate” with the Foundation anyway. This isn’t decentralization - it’s just bureaucracy with extra steps.

We’re voting NO. Not because we don’t support better event planning, but because we want solutions that streamline our operations, not complicate them further.

Let’s fix what we have instead of building a parallel universe.

2 Likes

Where does this information come from?

Are you saying that the previous events we voted for were extra funding and there was money in the Foundation’s budget for them?

Gm, gm :sparkles:

The results are in for the Establishing a DAO Events Budget for 2025 on-chain proposal.

See how the community voted and more Arbitrum stats:

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.

We’re voting FOR the proposal.

We supported the proposal during temp-check after first discussing it with Entropy and other stakeholders and having some of our feedback incorporated into the proposal. Nothing has changed since to make us change our decision - if anything, we’ve become more convinced after attending Devcon and talking with people there.

Cooperation between the DAO and the Foundation and involvement in each other’s endeavours seem to be increasing —a good example of that being Arbiverse in Bangkok, where the DAO had its own booth and led some workshops — and we want to see more of that going forward.

Going into 2025, we hope the DAO’s events budget will be allocated to more events that uphold this spirit of collaboration between the Foundation, Offchain Labs, and the DAO to create truly ecosystem-wide events.

it comes from page 34 of the Arbitrum Foundation transparency report released 2 months ago and available here

to be more specific, the Arbitrum Foundation spent $5.26M USD from January 1st 2024, to June 30th 2024 (6 months) in “Events,Marketing and Communications”.

4 Likes

Thank you!
I looked carefully, the report is very vague about what the funds were spent on.

It would be good if @Entropy made a request to the @arbitrum.foundation to understand how not to double the costs for 2025.

1 Like

As of this writing, the proposal has officially passed tally and funds have been sent to an Arbitrum Foundation-controlled wallet. The Foundation should be converting the ARB to stables and sending the proceeds to an MSS-controlled address, with the remaining ARB returned to the DAO treasury over the coming week(s).

Entropy had a call with the Foundation’s new events lead and have been in regular talks with the person who holds that same position at OCL to ensure the DAO’s alignment with these entities. They are moving along with their ETH Denver planning and understand that they have the DAO’s support if needed. Entropy, the ADPC, and Disruption Joe will be meeting over the coming weeks to ensure we are all on the same page. We are very pleased to have ”ready to spend” funds to get better deals from SPs, move more nimbly as a DAO, and to provide support to OCL/the Arbitrum Foundation. A dedicated communications thread for Events will be set up in short order.

Thank you to everyone for your support on this proposal!

1 Like

DAOplomats voted FOR this proposal on Tally.

We maintained our support from the temp check to the onchain vote.

I voted in favor on Tally for the reason I mentioned during temp-check:
“Setting aside funds for events helps Arbitrum stay active in the most important crypto spaces, which keeps the community growing and engaged. I also believe that involving the AF and OCL helps unify the community and prevents conflicting events. It really brings people together and keeps everyone on the same page, which makes the Arbitrum community much stronger.”