1 Poll Closing July 21, 2024
[Non-Constitutional] - Subsidy Fund Proposal from the ADPC
Summary: This poll asks ARB holders to provide 3,500,000 ARB for the ADPC to use at its discretion to fund security audits of projects on Arbitrum. Excess funds will be returned, and $250,000 is the maximum available to any single project. The address to receive funds is controlled by the Arbitrum Foundation.
Recommendation: Vote Yes. At this point, it is standard for major Layer 2 ecosystems to offer subsidized auditing services to prospective and existing protocols. Arbitrum has to remain competitive.
1 Poll Closing July 26, 2024
[NON-CONSTITUTIONAL] Pilot Phase: Arbitrum Ventures Initiative
Summary: This poll asks ARB holders to transfer 191,700 ARB to fund research into a ventures program funded by governance.
Recommendation: Vote Against. We’re not necessarily opposed to a ventures program. But we do not encourage providers to come to Arbitrum, state that XYZ is needed, then request funds to then research why XYZ would be a good idea. The thesis should be mostly formed why ventures would be beneficial. Asking for funding to conduct research to better understand the issue the proposer brought to the DAO indicates to us that this could be a solution in search of a problem, rather than beginning from identification of a pain point and solving it with a ventures program.