AIP-4
On Tuesday 11th we had our 5th governance call at SEED Latam in collaboration with L2 en Español where we discussed this proposal with our community.
Participants: 34 attendees.
Duration: 30min
About: Fund the Arbitrum Grants Framework Proposal Milestone 1
We voted against
To learn about the voting procedure of SEEDLatam and L2 en Español, you can read it here.
Rationale
Plurality Labs proposed an open grant framework requiring 3.971M ARB. The Seedlatam community voted against it because we believe that the proposal lacks more detail regarding the percentages of the funds allocated, and we think that the metrics need to be clarified in order to make the grant program as optimal as possible.
Here are some comments from our community:
Plurality Labs Role
We appreciate the great effort and dedication of Plurality Labs and believe that they have all the qualities to be able to create a good grants program for the ecosystem, but we consider that both Gitcoin and Questbook are reputable entities with the operational capacity to run their grants programs without relying on third parties.
In the same way, we would like more details on how the parameters for incorporating smaller grant teams into your program to participate in the program and how they will be managed by Plurality labs.
Gitcoin and Plurality Labs
Our community is a big fan of Gitcoin, we recognize and admire the team and all their work on web3. But we are aware that it is important to make clear the position of Plurality Labs in a conflict of interest scenario because we see that Plurality Labs has several members who belong or belonged to Gitcoin.
Therefore, in the event of a conflict of interest, a robust and detailed system should be in place to ensure the impartiality of Plurality Labs. Considering as DAO members we must always prioritize the Arbitrum ecosystem.
Lack of details
Our community expressed strong concerns about these percentages:
According to multiple opinions within our community, we believe that the percentage associated with the administration of the grant program is pretty high, so it would make sense to have more details on the expenses required related to running this grant program. We believe that a breakdown such as the one presented by Questbook would be a good way to clear these doubts.
Additionally, metrics are missing regarding how the funds will be distributed and the scope of the funds once they are received. The community believes that these aspects should be reinforced to increase the value of this proposal.
Considerations
We believe that grant programs are definitely necessary at this stage and we would like to see the DAOs treasury used to further its goals. However, we believe it is necessary for the grant program to be aligned with the Arbitrum Foundation and the DAO to ensure the success of the Arbitrum ecosystem. This will result in attracting more users who are truly motivated to build by the development of arbitrum as an ecosystem rather than opportunistic farmers. We consider that Plurality Labs is a great team but we would like to have more details about their programs considering the amount of funds required.