Thank you for the kind words! We have completed the finishing touches on a revised framework incorporating all feedback received so far.
We are awaiting selection of a legal representative to the screening committee before posting the final version of STEP 1 on the forum.
This has been modified to 20 , 35 or 50 million ARB in light of our increased confidence in the members that have thus far agreed to be on our screening committee.
We have confirmations from Karpatkey, Steakhouse Financial, GFX Labs & Netherminds. We are speaking to lawyers well versed in RWAs and hope to finalize the 5th member in the coming week!
As @DisruptionJoe noted, we have initiated grants with Karpatkey , Aera and Avant Garde for working on a larger diversification framework. Our primary reason to begin with RWAs is to create the legal and infrastructural pipeline that future diversification proposals across any asset class can take guidance from
We wanted a mechanism where the right to actual allocation is distributed among all ARB token holders, while still ensuring only good service providers get chosen
We are confident in the screening committee’s ability to present only a few good options for delegates to vote on, along with preparation of a report card on each that can be consulted for voting.
This mechanism is a public good for our full ecosystem as the roster of vetted service providers can be used by any protocol or governance for investing their treasury assets into RWAs, without need of their own extensive due diligence.