Proposal: Accelerating Arbitrum - leveraging Camelot as an ecosystem hub to support native builders

[DisruptionJoe]

@Camelot

Camelot currently has 2,189,094 ARB tokens in its treasury, which it has used entirely for governance purposes so far. As an additional safeguard and sign of assurance, Camelot commits to placing its own ARB into the grant multisig for the duration of the 6 month proposal, therefore at any given time, Camelot will have “guaranteed” more ARB than it would receive from the Arbitrum DAO.

This is a very interesting mechanism. You are voluntarily placing a mutual assurance contract into place. I think this mechanism is vastly under-used.

@Camelot

Camelot does not intend to use the ARB tokens granted by the Arbitrum Foundation as incentives for non-official pools. Nitro pools are classed as ‘Official’ once they have passed Camelot’s internal due diligence process.

This is good to know as well. It tells me that there is better alignment because Camelot has not interest in designating suspect or malicious pools into its SRO. Would the designation of a Self-Regulatory Organization be accurate in this instance?

@DontFundPonzis

What I find most fascinating, is the fact camelot knows that a grant framework is being created to make sure there’s a fair chance for all decentralized apps to participate in grants, yet have chosen to first and foremost, turn this into a game of “who fomos into making a grant first”, I think that the ask is absurd, and the way they’ve presented this grant, with knowledge that a grant framework is indeed being worked on is a big hit on their reputation.

I think it is important to call out that as designers of a great grants program, we don’t intend to ask the DAO to not fund other long shots. Early in the life of the DAO, it can be good to fund some proven committed partners.

This isn’t said as an endorsement of this proposal or a plea to stop it.

It is intended to say that the grants framework isn’t there yet and OP is about to deploy $30 million in incentives.

If the grants framework succeeds, then programs like this will choose to work within that framework in the future AND/OR the DAO will choose to ask most grant requests to work within the framework.

However, the grants program isn’t at this maturity level yet. It may be wise to make some big bets that aren’t governed by the new grants frameworks.

It is up to the DAO as a whole to judge whether this bet is worth it. I’m chiming in to say

1. Don’t let the grants framework proposal stop us from taking other bets. We want a pluralist system. Until our framework proves it works better, it would be hypocrytical of us to say other grants should go through our framework.

2. If AIP - 3 [Non-Constitutional] Fund the Arbitrum Grants Framework Proposal Milestone 1 - #12 by Frisson passes, we will do outcome and impact evaluation & analysis on any other grants which are offered within or outside of our framework for comparative analysis between allocations.

3. If a program like this turns out to be successful, we would build alongside them to assist them in translating their work to a holistic view for the DAO.

While it isn’t our place to say if we think this is a proposal we think should pass before doing our own diligence and discovery work, we should not be seen as an impediment to other grants UNTIL we have proven our efficacy. This is what we intend to do across 3 milestones and the first has yet to pass!