After receiving amazing feedbackin the forum, speaking with many delegates, and sharing the proposal in multiple community calls we have improved the proposal in the following ways:
- To avoid too much centralization of power with the council the delegates will now get the chance to vote to confirm all of the council’s choices. The council will screen all applications and select only the best applicant to move to Snapshot votes for the delegates to vote on.
EXAMPLE: This is a hypothetical example using a budget of 10 ARB with 50 applicants that each request 1 ARB
50 protocols apply requesting 1 Arb Each → Councils grades all 50 applications using the rubric and narrow the selection down to the top 10 applicants to not exceed the budget → 10 snapshot votes are created to allow the DAO to confirm the council’s decisions → 9/10 Snapshot votes receive a majority of “fund” votes → 9 protocols are funded with 1 ARB each and 1 Arb is returned to the DAO
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Additionally the DAO will now have the ability to choose the size of the Pilot Program with voting options of 25M, 35M, and 45M in incentives budgets. This will be voted on during the proposal Snapshot
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The Application Advisors and Council members will now be elected via Snapshot to allow the DAO to choose who they want to fill these positions.
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Added role responsibilities, goals, and selection criteria to provide more clarity to the community and assure accountability for these positions.
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There are now 3 Application Advisors to accomadate the expected application demand and ensure each applicant is able to recieve sufficient attention from advisors. Additionally, Application Advisors will now help protocols throughout the entire incentive period to help protocols manage, evaluate, and tweak their incentive plans.
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Clarified how this Incentives program relates to eligibility for other DAO grant programs
“The pilot program is intended for protocols that did not receive ARB during STIP or the Backfund. However, protocols that received grants from the Arbitrum Foundation, Questbook’s grant program, or any other Arbitrum Grants program are eligible to receive Pilot Program funding. Additionally, receiving funding from the Pilot Program does not prohibit protocols from applying for funding from other DAO or foundation programs including the Long Term Incentives Program.”
- Retroactive Community Funding has been added to encourage community members to provide valuable contributions throughout the program.
Thanks again to everyone who has provided feedback on this program! Please read the entire updated proposal here.
Additionally, anyone interested in being an Application Advisor or Council Member is encouraged to apply here