[Non-constitutional] Subsidy Fund for Security Services

Proposals Finalized AIPs
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Thank you all for the feedback! The proposal will incorporate the following amendments and subsequently be posted on Snapshot:

Amendments

  • The ADPC will cover up to 70% (maximum threshold) of the corresponding service solicited by the project.
  • Institute an Optimistic Challenge process on the selection of specific security service providers or grant recipients.
  • Provide the following options for the initial size of the fund and length of the program:
    • 1 cohort of 8 weeks (2 months) for a total fund size of $2.5 million.
    • 2 cohorts of 8 weeks each (4 months) for a total fund size of $5 million.
    • 4 cohorts of 8 weeks each (8 months) for a total fund size of $10 million.

We also discussed forming an entirely additional committee to disburse the Subsidy Fund and collectively landed on that for this initial iteration, it may make more sense to operate in the “committee-light” way, i.e., ADPC + security expert given:

  • Additional security expert will fill gaps in subject-matter knowledge;
  • Experience in the ADPC to manage the fund operationally;
  • No clear consensus around the need for a separate committee to manage fund disbursement;
  • The implementation of the Optimistic Challenge process (when the module is available) and the transparency around providing rationales for the selection of vendors and grant recipients, which will act as a check and balance against any decisions taken by the ADPC.

Lastly, we are currently in discussion with the Foundation’s legal counsel regarding the addition of an exclusivity clause for projects receiving subsidies, namely around the provision being added to the Grant Agreement and the practicality of enforcing oversight post-disbursement.

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