Appreciate the recognition of this debate being a value adding activity!
Not saying this is what happened here, but my experience has been that usually the delegates taking part in feedback sessions are the smaller holders, not the large ones. It sometimes takes moving things to snapshot for there to be true understanding in the positions of all delegates about a particular issue. Hope we actually see more amendments proposed (and rejected) for the program!
So after hearing the feedback, I think a floor of 50k is fine. I just think it should be a necessary but not sufficient condition to get paid by Arbitrum DAO. Ideally, we have both a 50k ARB floor requirement PLUS a 500k ARB delegate thats willing to endorse you, mentor you, hold you accountable and push you to do better.
If i remember right, one of the original intentions of DIP was that large delegates donât have time to stay on top of Arbitrum proposals. So the money could be used to hire someone that does it for them.
For whatever reason we donât see that happening (and yes its early but we need to think how to do this better), but i think thatâs the real problem DIP should be solving - how do we get more context to the large delegates before they cast a vote? And i think giving them a pool of 50k - 500k ARB delegates to work with is a win-win for both sides. The smaller delegates get to maximize their impact by influencing how the larger delegate votes, while the larger delegate has their recruitment issue taken care of by selecting from among a fixed roster. And the DAO wins by having more accountability and mentorship as a whole
The rationale has stayed the same, even if the focus is on delivering greater value for the money rather than saving it.
which is improving the economic foundation of the program, being more comparable to other DAOs in terms of barrier to entry for full time delegate pay, and more participation that isnât just adding noise by checking the list
high VP delegates donât compete with the smaller ones! Anyone with over 500k ARB is default admitted to the program, as you currently have for delegates over 50k ARB.
Delegates between 50-500k ARB need an endorsement.
If they have a principled and critical view, another large delegate would endorse them. Having it as an open market reduces the risk of popularity contest dynamics to high conviction ones.
As weâve seen from several comments, we need a higher barrier before paying new contributors full time pay! Ideally we start new contributors with part time and then ramp up to full time, rather than going there directly.
Wouldnât this be made easier, since large delegates have to manage, mentor and hold accountable whoever they have endorsed?
Who they nominate is made public. Based on what i have currently seen, the level 1 delegates in arbitrum are not the type to sell out their credibility by nominating someone unfit for a few bucks.
My sincere apologies for the error! And for not reaching out to have a call, instead communicating remotely.
I will point out that i had a conversation with @pedrob prior to making ANY of my research into DIP public and he told me to âgo ahead with the tweet.â Receipts below. I do still apologize for not taking the time to schedule a call, I generally prefer working async but thatâs not everyones style.
This is a great amendment. Weâd need more research on the numbers of locked vs paid ARB, curious to know what @SEEDGov thinks of this. If we want to increase power of small contributors this seems like a no brainer to have some of the amount to them locked but usable as voting power.