Entropy has voted against the RAD program.
Since the passing of DIP v1.5 a little over a year ago, the conversation surrounding delegate incentives has continuously been a polarizing topic and consumed a large amount of delegate bandwidth. To be clear, this is not to discredit SeedGov as they took on a very challenging task with DIP v1.5-1.7, but with the RAD program requiring rationales we fear that we’re heading back down the same path.
At this point, Entropy views the discussion as having largely devolved into something non-productive, similar to incentives pre-detox period. Additionally, our team is not convinced that incentives for voting are a worthwhile expense, especially with the recent influx of new delegations that has raised the amount of active voting power and the upcoming DVP-Quorum proposal. When considering that the Arbitrum Foundation is continuing to engage in re-delegation efforts with large tokenholders and with this program the DAO would be paying ~$30k a month for voting incentives (based on September and October data), Entropy believes it is more prudent to go without any delegate rewards for several months to observe the impacts and reset the conversation.