Arbitrum Short-term Incentive Program
On October 11th, we held our 13th governance call at SEED Latam in collaboration with L2 in Spanish, where we discussed how to allocate votes from the Short-term incentive program with our community.
Participants: 55 attendees
Duration: 1h 20m
Process
Given the nature of the vote and the large volume of proposals, as I have already mentioned, we formed a working group to conduct a preliminary evaluation of the proposals. The process was as follows:
- We examined the initial 106 proposals, asking specific questions related to each protocol.
- From those, we selected 32 proposals totaling 54,398,000 ARB.
- The community had the opportunity to vote for the protocols on our Snapshot, aiming to reach the 50M ARB figure. If you wish to understand our process in depth, you can refer to here and here.
- Based on the community voting results, we cast our vote on the Arbitrum snapshot in favor of the protocols that received the most support. Below, you will find a detailed list of these proposals.
Voting and rational
For:
- Archi Finance
- AngleProtocol
- Balancer
- Beefy
- Camelot
- Curve
- Dolomite
- Dopex
- Gamma
- GMX
- JonesDAO
- OmniBTC
- PancakeSwap
- Perennial Finance
- Pendle
- Radiant
- Ramses
- StakeDAO
- Sanko GameCorp
- Shell protocol
- Silo
- Socket
- Stargate
- Tally
- Thales
- Timeswap
- Trader Joe
- Umami Finance
Abstain:
Against:
- All protocols that were left out of this list
Conclusion
The volume of proposals was substantial, and the time for evaluation was limited. Surely, as governance, we need to continue refining the process, but despite these challenges, achieving this fund allocation coordinated by ArbitrumDAO has been a success.
On our part, as SEED Latam, we acknowledge that our process was somewhat cumbersome and confusing but by no means arbitrary. We always include and educate the community when making decisions. We have learned from this experience and will continue to enhance our internal processes for the benefit of Arbitrum and our community.