The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
We’re voting FOR the proposal and choosing to provide additional funds to cover the entire 1-year tenure.
Having spent a lot of time and effort to set up STEP, and having gone through the process of electing a program manager to oversee the program for a year, it doesn’t make sense to jeopardize all that progress for a shorter term of a new election.
The yield from the RWAs was supposed to be used for the DAO treasury anyway, but it hasn’t already been allocated to any initiative. With that in mind, it makes sense to cover the funding difference from the yield instead of having the DAO provide additional funds.