The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
First of all, we want to thank everyone who has taken the time to read our proposal and provide feedback or express their opinion. To us, an important aspect of the proposal itself is to drive constructive discussion and get as many stakeholders as possible involved in creating a perpetual incentive program.
While we understand the narrative that could emerge should such a proposal go to Snapshot and become ‘formal’, we do not think that the perception will be as negative. If anything, the narrative could be that ‘Arbitrum is working on a perpetual incentives program based on the lessons learned from incentives programs so far’.
Furthermore, the reason we want this to be a Snapshot proposal and not just a type of verbal agreement is that we want it to act as a commitment from delegates and other contributors to participate in the discussion and relevant working group.
The timeline is indeed arbitrary and doesn’t guarantee anything other than that we’ll have a predetermined window of time to focus on moving the needle toward creating a perpetual incentives program. Given that the whole proposal is mostly a social agreement, the timeline can be shorter or longer as needed. The reason we proposed 3 months is that it takes approximately that much to realistically move something in a meaningful way through the governance process.
As noted in the original post, there have already been multiple efforts to collect, analyze, and publish takeaways from the different incentive programs so far. Our opinion of what the working group should do now is to focus on discussing those takeaways and distilling the insights into an actionable program.
Correct, the detox is about any and all incentive programs/proposals, be it new ones, or the renewal of existing ones.
The goal, as stated in the proposal, is to put together the working group if and when this proposal passes. We’re planning on going to Snapshot on Thursday 1st of August, which means that if the proposal garners the necessary support, we’ll start gathering the working group on August 8th - more than a month before LTIPP/STIP-Bridge end.
The proposed break from incentives will give us an opportunity to take things like that into account when creating a future perpetual program. With quantitative data now in hand, we can shift our discussion on interpretation of that data from a qualitative standpoint.
We’d be happy for the existing incentives working group to lead this discussion, but it seems that it has become inactive after the last incentive programs (LTIPP/STIP-Bridge) were introduced. A testament to that is that they didn’t engage with our post sharing our thoughts on a perpetual incentives program. Furthermore, even if they are active, they do not seem to interface as much as we feel is needed with the DAO. Instead, if the group is indeed active, they operate behind closed doors.
As far as the ARDC is concerned, there’s simply not enough time to undertake leading the conversation around the creation of a perpetual incentives program, given that the ARDC’s mandate concludes at the start of October (if not sooner because of the situation around funding). The ARDC has carried out a lot of research that the working group can refer to, and perhaps it can remain involved until it concludes.
Our idea for reviving the working group was that we’d facilitate its kickstart, and then someone else would take the lead while we remain involved in our capacity as delegates. Our main concern is making the working group open & transparent, and enabling more people to get involved in different relevant areas.
L2BEAT Office Hours
We’re more than happy to discuss this proposal further during our Arbitrum Office Hours this Thursday 1st of August at 3pm UTC in this link.