February Voting Update
We vote against this proposal. Allocating $10 million for audit subsidies without a clear performance evaluation framework or long-term accountability risks inefficient spending, especially when many projects may not need the full 100K subsidy or may fail despite receiving funds. Additionally, the selection process for auditors and projects lacks transparency, concentrating decision-making power in a small committee dominated by the Arbitrum Foundation, with no clear safeguards against favoritism or efficiency. The auditor approval process is vague, and there is no guarantee that projects receiving funding will stay on Arbitrum long-term