Vote: FOR
Type and Proposal Link: Snapshot –> Funds to Bolster Foundation’s Strategic Partnerships Budget
Voting Rationale Link: Alex Lumley (Savvy DAO) Delegate Communication Thread - #25 by AlexLumley
=== COMMENTS ON PROPOSAL: ===
I voted FOR this proposal because I believe that the Foundation plays an essential role in securing partnerships that are critical to the growth and sustainability of the Arbitrum ecosystem. While I do share some concerns about transparency, especially regarding how funds will be spent and the longer-term plan for resource allocation, I think the opportunity cost of not acting is too high.
The Foundation has consistently shown its ability to execute on key initiatives, and providing them with the flexibility to move quickly on strategic partnerships is necessary in the competitive landscape of L2 solutions. However, I do hope to see improved reporting and some form of oversight, such as a DAO council, as mentioned by other delegates. This would help balance the need for confidentiality with accountability.
=== UPDATED COMMENTING RATIONALE FOR TALLY ===
I stand by my commenting rationale posted above.
I would like to see more reporting from the foundation on their business objectives and grants reported. This interaction between AJ and Ryan Wyatt shows how we can improve: x.com