Below is the biannual transparency report, as established by the original RAD proposal.
Finally, a transparency report will be prepared and published every 6 months, to track total spend of any program that falls under the umbrella of a DAO Incentive Program.
Participants
Of the 39 registered participants, only 2 no longer meet the eligibility criteria due to their voting power being below the 200,000 threshold for each vote type. Additionally, there are 4 participants whose compliance process is still pending completion of their actions.
Operations
Program Manager
RAD is being administered and overseen by the OpCo, while a Program Manager who has been hired by the OpCo is responsible for the calculation of rewards for each vote and for each delegate. The scope of work of the program manager, alongside the compensation, was published on the forum.
The program manager was initially SEED, with a flat compensation of $5,000 per month. On March 9, 2026, we announced an update to the PM’s compensation from a flat fee to a per-proposal model.
Then, on May 5th, after SEED announced that they’re stepping down from being the RAD’s program manager, we continued working with Ministro as an individual and updated the compensation model once again. The current compensation is $600 per proposal.
Security Council Elections
Given the importance of the Security Council to the Arbitrum ecosystem, we assigned a special budget to the Security Council nomination and election phases of $15,000 and $25,000, respectively.
The mechanics of the rewards distribution for those votes were slightly different, with the rewards cap per delegate removed at the elections phase, and the voting power decay affecting the rewards earned too. We published a relevant update to the DAO on March 17th.
Eligibility Requirements & Changes
On April 7, we published the March rewards, alongside some recommendations to the DAO about changing the eligibility requirements. The main 2 changes we wanted to implement were:
- Removing the participation threshold
- Making it so delegates are not disqualified if they do not publish their rationale within 5 days.
The full reasoning behind those changes can be found in our post here.
After discussing the changes with delegates, both in public through DAO calls and the forum, but also in private during 1-on-1 calls, we implemented the changes and announced them on May 6th.
April Rewards Mistake
The April 2026 RAD report was built from an incomplete automated pull of Snapshot votes for the month. A bug in the monthly automation left out one proposal that closed in April 2026: Updating the Code of Conduct & DAO Procedures to Become Living Documents (off-chain decision-making, non-constitutional).
That gap affected participation columns, rationale checks, incentive budgets, and total rewards. The first post listed 14 delegates and $14,500 on three Snapshot votes. The corrected workbook uses four votes, the same enrollment (34 delegates), and $20,000 total rewards (+$5,500 vs what was reported).
We identified the mistake and rectified the situation by issuing the additional rewards. We then published a post-mortem for transparency.
Financials
On January, OpCo received 2,000,000 ARB of the total 6,882,488.93 ARB balance of the previous ‘Delegate Incentive Program (DIP)’ from the Arbitrum Foundation in our multisig wallet. To date, we’ve used 1,156,361.4 ARB of that, between delegate rewards and compensation for the RAD’s program manager.
| Category | Amount (in ARB) |
|---|---|
| Rewards | 1,060,058.16 |
| Program Manager | 96,305.24 |
The OpCo paid the 4 invoices to SEED ($20,000 in total) out of our own balance, while it was supposed to be paid out of RAD’s multisig balance. We’ve transferred the balance to our balance sheet, without having transferred the actual tokens from the RAD’s multisig. The above Program Manager cost does not reflect this and instead only captures the actual outflows from the RAD multisig.
| Month | Number of Proposals | Total Budgeted Rewards | Rewards Paid Out (USD) | Rewards Paid Out (ARB) | Program Manager Compensation |
|---|---|---|---|---|---|
| November 2025 (Retroactive) | 4 | $26,000 | $26,000 | 123,802.75 | $5,000 |
| December 2025 (Retroactive) | 2 | $22,000 | $22,000 | 118,803.86 | $5,000 |
| January 2026 | 0 | 0 | 0 | 0 | $5,000 |
| February 2026 | 1 | $5,000 | $5,000 | 45,479.87 | $5,000 |
| March 2026 | 2 | $22,000 | $19,500 | 190,694.95 | $4,000 |
| April 2026 | 3 | $24,000 | $20,000 | 155,709.32 | $4,000 |
| May 2026 | 4 | $52,000 | $52,000 | 422,490.36 | $2,400 |
Past Reward Results
Pending Balances
Below you’ll find a breakdown of pending balances that haven’t been paid out because the participants haven’t completed their compliance process yet.
| Delegate | Balance | Status |
|---|---|---|
| GMX | $7,734.56 | Compliance Pending |
| (Rewards from November 2025, December 2025, February 2026, March 2026, April 2026, May 2026) | ||
| Camelot | $6,437.51 | Compliance Pending |
| (Rewards from November 2025, December 2025, February 2026, March 2026, May 2026) | ||
| Coinflip | $4,804.67 | Compliance Pending |
| (Rewards from November 2025 and December 2025, May 2026) | ||
| Bob Rossi | $2,286.96 | Compliance Pending |
| The delegate has stepped down from participating in the DAO and has informed OpCo that they’re forfeiting their rewards. | ||
| (Rewards from November 2025 and December 2025) |
Quarterly Rewards Budget Review
We will not be changing the rewards budget for the next quarter. It will remain as is:
| Proposal type | Incentive Budget | Payout Cap | Minimum voting power |
|---|---|---|---|
| On-chain constitutional quorum | 15,000 USD | 700 USD | 200k ARB |
| On-chain non-constitutional quorum | 7,000 USD | 500 USD | 200k ARB |
| Off-chain decision-making (non-constitutional) | 7,000 USD | 500 USD | 200k ARB |
| Off-chain election | 7,000 USD | 500 USD | 200k ARB |
| Off-chain temperature check (non-binding) | 5,000 USD | 300 USD | 200k ARB |
For any questions, please contact Sinkas on Telegram