March 1 Incentive program start

[SEEDGov]

We are only 3 days away from the start of the Delegate Incentive Program!

We are excited to announce that it won’t be long until the start of the program. Since December, we have been collecting a lot of data from delegates to see how impactful their participation was and how we can make significant improvements from now on.

During our work, we have done an exploration of the delegates data to determine the exact participation of each delegate on all tally votes, with the exception of the test proposals and that ones with the [OLD] prefix, here below you can see our previous tests corresponding to the December and January months:

December 2023

Experimental Delegate Incentive Test #1

Following the recent approval of the delegate incentive proposal in tally, we did an initial test with the objective of showing the workflow at a high level and having an overview of the delegate participation status. Incentive compensation criteria As the proposal states, certain rules must be complied with in order to obtain compensation at the end of each month. These are as follows: 1. Voting Power Greater than 50,000 Voting ARB Tokens: According to the information collected from this dune,…

January 2024

Experimental Delegate Incentive Test #2

Motivated by the completion of test #1 with the information from December 2023, we decided to conduct another test with the data provided by the delegates for January 2024. Incentive compensation criteria As stated in the proposal and in test#1, there are certain rules that must be followed in order to obtain compensation at the end of each month. These rules are as follows: 1. Voting Power Greater than 50,000 Voting ARB Tokens: According to the information collected from this dune, at the tim…

We would like to add that right now we are working to collect the data of February to update the participation rate (PR) of each delegate until February. This new test, will it be published on the first days of March, so stay tuned!

Preparation to the Incentive program for delegates launch

A total of 36 delegates have registered on the program, which can be seen in this thread:

Incentive Program Delegate Application

Recently the delegate incentive program has been approved on chain for the start of its operations. To expedite the process, we suggest delegates fill out the following template in this thread to indicate that they are interested in participating in the incentive program. Criteria Voting Power: >50K ARB, corresponding to 175 delegates. (Source: Arbitrum Delegates and Voting Power - Dune Analytics ). Historical Participation Rate (Tally): Over 25%. We would like to express that for the calculat…

We would like to remind you that a delegate can apply to participate in the program at any time,as long as they meet the requirements stated in the proposal.

@SEEDGov

Can delegates enroll in the program at any time?

Yes, delegates can enroll in the program at any time, provided they meet the requirements specified in this document . To apply, please refer to the enrollment thread available here .

When does a delegate’s participation become effective if they subscribe at any time?

To minimize the potential for program manipulation, delegates who register before the third day of the month will be included for the incentive calculations of the current month. This three-day margin, approximately 10% of the month, is set as the maximum grace period for those delegates who wish to join the incentive program at the time of their registration. Those who register after the third day will be considered for the program starting the following month.

Also you can check the collected data on this Karma dashboard

This website was created by Karma and checked by the SEED Latam team.

If you see any error, do not hesitate to notify us and we will fix it as soon as possible. We invite delegates and participants to check it out to make it as transparent as possible.

We determined some parameters to see how impactful delegates are for our protocol. That’s why we take into consideration Snapshot and Tally Votings (SV & TV). Also, we wanted to see how delegates communicate their decisions, so we considered another two parameters: Communication Rationale (CR) and Commenting Proposals (CP).

These months of collecting raw data were a lot of work for our team. Luckily, integration with our friends of Karma will make things much easier once the program starts.

We are still receiving feedback from the community. Please let us know if you have doubts or ideas that will improve the program!

The Community Feedback

If you have any doubt or proposal that can help to improve the program you can leave your comment in the following thread.

FAQ and Best Practices Guide for the Delegate Incentive Program

This document is designed to clarify doubts and provide clarity on various aspects of the delegate incentive program. Furthermore, we aim to gather valuable information and suggestions for the continuous improvement of the program. This document will change over time. Frequently Asked Questions What is the anticipated start date for the incentive program? The anticipated start date for the program is March 1st. An official announcement will be made in the forum. Can delegates enroll in the p…

Remember that this is an experimental system, so any advice or comments to improve the proposal will be of great help to make the program more solid over time.

Your participation is key!

[defipm]

thanks for the update. Looking forward on getting this program started

[Bob-Rossi]

Also you can check the collected data on this Karma dashboard

Is the “Delegates Opted In” something different then applying to be in the program. I saw only 13 on the dashboard versus the 40 or so who applied. If so, what needs done to show as “Opted In”

Great work by the way, dashboard looks nice and easy to digest!

[SEEDGov]

Last minute preparations are still being made. We noticed that every time the parameters were changed, the number of participants was reset. We have already alerted karma