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 AGAINST the proposal.
While we understand the position that the winning teams found themselves in, the grants were supposed to be delivered in ARB, which they were. The price depreciation affected not only the grantees but probably also the grant program itself and the broader DAO initiatives. One such example was the ARDC, where members got paid less in dollar terms, even though the fee they quoted was denominated in USD.
We do not want to set a precedent where the price fluctuations are retroactively addressed by going to the DAO and asking for additional funds. It would also be crazy to expect grantees who received, say, 10,000 ARB to give back half of it if the price appreciated by 100% by the time they were to receive it.
It is also worth mentioning that the payments in question were just prizes, not compensation for some work delivered for the DAO. Those prizes were denominated in ARB and delivered in ARB.
If anything, the takeaway from this is that we should, as a DAO, do a better job at managing payments denominated in ARB and do a better job with logistics and communication involved with payment delivery.