Thank you to everyone who has left comments regarding LTIPP and those who voted in the snapshot proposal and council/advisor elections!
Below are the changes and clarifications added to LTIPP after feedback from the community during the Snapshot vote.
The updated proposal has been posted above. We will allow a couple of days for the community to review these changes before we move the proposal to Tally later this week.
- LTIP Intention: Makes it clear this proposal is intended for protocols not yet funded by STIP or the backfund as some delegates communicated this was not clear during the first vote.
This can be discussed should the DAO feel they would prefer this program to be open to all applicants.
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Budgets: Added clear budgets with hourly expectations and responsibilities for the Council, Advisor, Program Manager, and Data Provider positions.
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Council Conflict of Interest: Council members will have to disclose any COIs and provide a reason. If they are unsure or there is a dispute, other council members will vote on whether or not the situation warrants the council members abstaining from grading that applicant.
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Bounties: The council will work with the advisors to create the RFPs for the research bounties. The DAO delegates will then select who will complete each of these RFPs
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Maximum Budget Spend: 45M ARB is the maximum budget. The council will screen and only select proposals they think should move a vote. Any unused funds will be returned to the DAO. The council can not spend more than 45M arb
Additionally, making it clear the DAO can vote down any proposals during the snapshot phase, saving even more funds which will also be returned to the treasury.
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Multisig signer compensation: Reduced to 1000 ARB per signer. This is due to many of their responsibilities being alleviated by the council as well as community feedback.
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New Multisig: This is done to avoid conflict of interest as many individuals on the past incentives multisig are now serving as council members. This will also help to prevent confusion regarding which funds are from STIP and which belong to LTIPP.
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Data provider role: OBL has clarified their role by providing the exact services they will offer as well as to fill this position. Further info can be found in their SoW
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Retrofunding: The council will create a list of possible ways to retroactively distribute funds to those who have contributed to the Pilot Program. The DAO will then vote on which retroactive method(s) should be used. The DAO will also decide on who these retroactive payments will go to.