Just to clarify the situation. It was suggested that the program’s funds are initially transferred from the DAO’s treasury to a community run multisig who can hold the funds for the program. Then, every month, when the top 50 delegates are picked by the committee, then the recipients for the rewards can go through the Foundation’s compliance process and once that is complete the multi-sig can trigger the payments that go to the recipients. It is the same setup for the STIP (“incentive multisig”) and the STIP backfund. The advantage of this approach is that it allows the funds to be unlocked when the program begins, the funds can be accessed by the program managers when needed, and it provides time for the winning delegates to go through the compliance process before receiving their rewards.
Overall, the goal is to help reduce friction when running the long-term program for all parties involved, so the winning delegates can get their reward as soon as reasonably possible. I hope this clears up the situation. From our side, we will do our best to help cement/make this setup more clear, as we suspect more DAO-approved grant programs will want to leverage it.
I understand that in this situation there was a miscommunication between @cattin and the Foundation, but I see a terrible precedent here when one thing is written in the tally in the body of the vote, and then it is discussed on the forum that, regardless of what is written in the official vote, another will be carried out (even if it was due to miscommunication).
cp0x believes that the voting text on the site where we vote is what we vote for and nothing else.
If it is necessary to correct a decision in any way, then this must go through the appropriate procedure.
There may be some clarification if the text is written ambiguously. But in this situation I do not see any ambiguity.
We voted FOR this proposal onchain even though we still stand with our previous Snapshot vote and believe that this program should not use Karma during the pilot phase.
All opinions come from @juanbug and me, the operators of the Uniswap DAO’s ARB delegation
The Savvy DeFi DAO’s Arbitrum Council has decisively voted in favor of the Experimental Delegates Incentive System proposal, and we would like to provide insight into our collective perspective on this decision.
After conducting a thorough analysis of the proposal, we have gained a comprehensive understanding of its objectives. With a primary focus on active delegates in recent months, we appreciate the proposal’s inclusivity, allowing new members to join the framework by fulfilling specified objectives.
The program will operate on a monthly basis, providing opportunities for any delegate to achieve the proposal’s requirements. This approach fosters a welcoming environment for participation in the DAO.
We are confident that the development of this program will not only attract new active members but also encourage increased participation from existing delegates within the DAO.
Special thanks to Cattin for his assistance in understanding this proposal.
Thank you so much for the overwhelming support of the program! I’m glad that after months of working on this, we managed to develop a framework that most delegates could agree upon ~ comms related to the program will be carried out by @SEEDGov under a new topic in the governance section + we’ll also create a separate topic for applications. Given the current timeline, we aim to kick off the program on March 1st so that delegates can apply during February and also proceed with their KYC (more details on this soon). Karma’s dashboard will be ready earlier than expected, so I’ll be reaching out to delegates to get them to test it around and collect some feedback.
Thanks again and really looking forwards to keep on developing this program with the support of the DAO.
Hello everyone, thank you for the great support this proposal has received. And also for trusting us. We are already working on the next steps, in the next week we will issue a communiqué with the corresponding details so that delegates are informed.
The first pilot phase of the incentive program has concluded. Below you will find links to the reports we have committed to and other links that allow delegates to keep track of everything that happened during the program. We hope it will be useful for those who wish to conduct any kind of audit.
Summary
Test: We conducted 3 tests in the months before the program launch: