The proposal was agreed:
Overall, this proposal seeks to accelerate the growth and competitiveness of the Arbitrum ecosystem by increasing the funding available to the Foundation for strategic partnerships. In this way, the Foundation hopes to better support innovation, attract more high-value partners, and ensure that Arbitrum remains at the forefront of the rapid evolution of blockchain technology and applications.
But there are also some concerns that bother me personally as a regular retail investor:
- Transparency and Oversight: Transparency and oversight are key to any funding distribution proposal. The community and DAO members have emphasised the need for clear oversight mechanisms to ensure that funds are used transparently and effectively. The suggestion of a council or oversight committee mentioned in the proposal was supported as it would help to increase trust and accountability, but are there other bodies that this oversight committee could form a reverse oversight.
- Community participation and decision-making: Arbitrum’s proposal and discussion process demonstrated the dynamic nature of the DAO governance model. The participation of community members not only in voting, but also in open discussions on the platform is critical to the health of the DAO. The recommendation is to continue encouraging and expanding community participation to ensure a more democratic decision-making process, and what are the future plans in this area
- Risk management: the fund management and risk control measures mentioned in the proposal, such as the establishment of the Strategic Fund Management Group, show the importance attached to financial soundness. It is recommended that measures in this area continue to be strengthened, but is there a risk of failure plan in place to ensure that the financial health of the Foundation and the ecosystem is not significantly impacted in the event of market volatility or project failure.