100% we have a referral program behind the scenes, which will give upside to Questbook and other allies in the Arbitrum Ecosystem in the teams they recommend to us if they make it into the round.
I don’t think it’s worth the complexity… The goal would be to not sell the ARB and just return it to the DAO if it is unused… in the end, we need stables, which we will convert to ARB at the last minute, so the volatility buffer is there for that, and i’t probably better to just sell less ARB. However, it could be worth the complexity… IF we are just converting it all to stables and then sending the excess stables to STEP to do with it what they will. In the end, I imagine it would all be handled by the AAE that manages us (probably the foundation).
We are discussing some potential changes to the system that rhymes with this, but in the current design, that $50k ARB is all locked in a bonding curve, not given to the team. So they don’t have it, it is collateralizing the initially minted locked tokens (Including Arbitrum DAO’s token allocation). While technically possible to mint the tokens without collateral… I would consider it bad practice.
These teams do not get free ARB, they get a liquid token economy that gives them revenue as they sell tokens, and a subsidized token launch. So the teams this works best for aren’t always the same ones that would apply for a questbook grant, they are likely to be looking for investment, something where maybe they have a good business model, and clear token utility, but they don’t have an obvious path to becoming billion dollar unicorns so VC’s are not really interested.
This is great feed back though! Thanks @0xDonPepe!