After consideration, the @SEEDgov delegation decided to vote “YES TO BOTH” on this proposal at the Snapshot Vote.
Rationale
We view this proposal as a one-time, transitional fix to address the issue stemming from the lack of sufficient funds to fulfill the Hackathon Continuation Program (HCP).
The funding gap was caused by market fluctuations in the ARB price, and the delay in conversion is not attributable to the proposer.
This proposal addresses the issue by reallocating leftover funds from Season 1 of the Questbook program to the HCP, allowing it to proceed as originally approved by the DAO. It accomplishes this without requiring additional funds from the DAO and only needs a Snapshot vote meeting the non-constitutional quorum.
We also supported redirecting the remaining funds from the Season 1 Domain Allocator program to the TMC, rather than returning them to the DAO, to strengthen the TMC’s stablecoin reserve for service provider payments shortfalls.
Additionally, SEEDGov believes a framework should be established to manage surplus funds from multisigs that are not denominated in ARB. We highlight this need because it is likely we will continue to find leftover funds in USDC and other tokens—for instance, in Questbook Season 2—and currently there is no clear procedure outlining how such funds should be handled. @Entropy tagging for visibility on this.