[Non-constitutional] Proposal to fund Plurality Labs Milestone 1B(ridge)

[DisruptionJoe]

@404DAO

404 DAO appreciates Plurality Labs/Joe’s efforts in Milestone 1 as well as the work that was put into crafting this bridge proposal to address the concerns previously raised by governance.

Thanks for the kind words and your overall support.

@404DAO

There is currently still 1,553,079.3 ARB in the multisig used for Milestone 1. As @krst pointed out on January 30th in L2Beat’s response to the Milestone 1 report, there was at that time ~1.9m ARB in the multisig with 1.535m allocated but not yet distributed. And in the January report it was stated that 1.307m ARB was allocated but not yet paid out.

Due to the delayed start of many programs, we have many still operating. At the end of January, we decided to “right size” any running programs and made the decision to end others. This is why the allocated amount changed relative to the amount not yet paid out.

Our February financial report - to be shared next week - has us at 1.14 million ARB yet to be paid out and 514k ARB unallocated after the right sizing of all programs. This amount will be deducted from the Tally request and rolled into Milestone 2.

@404DAO

We would like to see where these remaining funds are allocated to and any updated timelines that the DAO can expect for these Milestone 1 programs to conclude.

Here is the update on programs shared at our board meeting. (@BenWest will be sharing the board details including the charter in a separate thread)

I think Daniel covered the info about the Thrive team. Let us know if there is anything unanswered here.