Hi @krst, @PGov, @Bob-Rossi, @cp0x,
Thank you for your feedback re. the ownership of the selection committee at the ADPC. If this reflects the consensus of the community, the ADPC is happy to take this on.
As you may recall, we discussed this in the initial Subsidy Fund forum post, so it’s encouraging to see further alignment on this matter now. We appreciate your reflection on this. As discussed before, taking on this workstream will obviously need to be part of an extended mandate to meet the respective timelines for the roll-out of the subsidy fund.
As such, we thought it would be helpful for the community to clarify the timeline and sequence of events:
- Step 1 - Arbitrum Foundation Approval (timeline dependent on the AF): At the moment, we are waiting on the Arbitrum Foundation’s feedback on the RFP and Head Agreement. Once this has been received, we will finalize the RFP documents and publish them.
- Step 2 - Security Service Provider Whitelisting (4 weeks): A 4-week period will then commence for security service providers to apply to be whitelisted.
- Step 3 - Review of RFP Responses (4 weeks): The ADPC (along with the support of DeDaub) will review the RFP responses and whitelist security service providers over a 4-week period.
- Step 4 - Subsidy Fund Cohort 1 Applications & Evaluation (8 weeks): Once the whitelisting process is complete, the 8-week cohort for the Subsidy Fund will commence, with a 2-week applications period for subsidies followed by a 6-week review period using the Means Test to evaluate applications.
Therefore, the Subsidy Fund will only begin by early-August at the earliest, since we are still waiting on feedback to publish the RFP and get the ball rolling.
Moreover, @cp0x, the Sub-Committee will require a new allocation of 60k ARB given that this was not in the initial scope or mandate under which the ADPC was established, and the proposal is for the ADPC members to not be involved in the Sub-Committee at all.