Background
Name(s): Serious People, Inc.
- Serious Ian
- @SeriousKeith
- @SeriousTaylor
Position I am applying for: Application Advisor
TG:
Twitter:
- https://twitter.com/icpossibilities
- https://twitter.com/KeithACarlino
- https://twitter.com/TaylorJPedde
Affiliations (Currently I am working with, invested in, etc.): Serious People is a partner of the following organizations: SushiSwap, Bond Protocol, Steer Finance. We work with these protocols in the role of advisor, providing consultancy services designed to help optimize sustainability and ROE.
Why You
Why would You be the best candidate for this position?
Serious People comprises a dynamic team of DeFi sustainability experts, distinguished by our commitment to demystifying complex DeFi concepts and delivering practical insights to our clients and partners. Our ethos centers on fostering a paradigm shift within the industry, transitioning from a myopic focus on short-term gains to a more holistic emphasis on long-term value.
Over the past five years, the efficiency of token emissions has exhibited a static trend, presenting significant opportunities for enhancement. At Serious People, we employ a strategic approach, continually refining our methods to ensure our clients benefit from the most impactful products in the market. Our core values revolve around fostering collaboration and embracing an innovative mindset, challenging industry norms while advocating for sustainability in DeFi.
Our commitment to excellence is exemplified through meticulous research and analysis of the DeFi landscape. This enables us to proactively address unique challenges with data-driven solutions, constantly seeking out new problems and optimal resolutions.
In this role, if selected, we pledge to guide applicants in optimizing their approach to the LTIPP, ensuring a comprehensive and effective submission process. We have thoughtfully outlined the responsibilities of an application advisor, underscoring our readiness to fulfill these obligations through meticulous preparation and expertise. Furthermore, in order to ensure that Application Advisors are able to fulfill their duties it is imperative that the applications themselves be uniform in nature and therefore we have put together a proposed application template, pending the feedback of the Council and other Advisors: Application Template
What do you think a good incentive application looks like?
A compelling incentive application, in our view, is one that places a strong emphasis on generating a substantial Return on Emissions (ROE) for the issuing protocol, the Arbitrum DAO in this case. Our belief is rooted in the conviction that protocols should conscientiously integrate ROE considerations into the fabric of their various incentive-utilizing strategies.
While acknowledging the inherent challenge in quantifying certain aspects, our team has dedicated extensive thought and effort to formulate comprehensive methods for calculating and assessing ROE. This commitment is evidenced in our recent publication that aims to kickstart a dialogue on defining overarching goals and Key Performance Indicators (KPIs) for DAO success, as detailed in Serious People: Proposed KPIs
From our perspective, an exemplary incentive application should be meticulously crafted to yield a positive ROE. Drawing upon our role as architects of ROE calculation methodologies, we are well-positioned to guide applicants in strategically setting themselves up for success in the dynamic landscape of incentives.
What are your goals for this program?
Our primary goal for this program revolves around positioning the Arbitrum DAO to fully realize its unique potential. Recognizing its standing as a prominent ecosystem within web3, coupled with substantial backing from a considerable treasury, we acknowledge the need for a strategic and optimal utilization of resources. Rather than critiquing past decisions, our approach is rooted in learning from prior expenditures to continually enhance future strategies.
An observation within the STIP programs is that the distribution of $ARB tokens often lacks a long-term positive ROE. Addressing this concern is paramount to our advisory role, where we intend to guide applicants and grantees in crafting plans that yield enduring ROE. Our commitment to improving the use of resources is driven by a thorough understanding of the factors contributing to suboptimal outcomes in past token distributions.
A commendable aspect of this program, in our estimation, is the allocation of funds for ongoing research. We consider this commitment to be pivotal in optimizing the eventual Long-Term Incentive Program (LTIP) implemented by the DAO. To this end, we have taken a proactive step by outlining specific research focus areas in our publication, Serious People: Proposed Research Buckets for LTIPP, ensuring a robust foundation for the pilot program and subsequent long-term success.
In summary, our overarching goal for this program is to witness the realization of Arbitrum DAO’s monumental potential. With a strategic and informed approach, we aim to position Arbitrum as the epicenter of DeFi and Web3 innovation for the years ahead.