Overall, we agree that using a portion of the excess funds from Questbook’s grant program is a sensible option.
However, we would like to clarify the point made around delays in converting the ARB. The Arbitrum Foundation uses the same process to convert funds for every proposal that requires it. As there was no conversion process specified in the original proposal, we offered to convert the funds on behalf of the initiative once it passed. By the time we received the funds from the MSS, market conditions meant that the requirement could not be met. At that time, there was a hope that the market might soon recover to achieve the desired conversion. Unfortunately, this has not yet happened and the Hackathon Continuation Program requires a top up of funds for Phase 2.
It might also be worth including that as this proposal does not require any additional funds from the DAO Treasury, it would only require a Snapshot vote that meets Non-Constitutional quorum, to pass.