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.
We want to start by saying that when we voted in favor of the STEP proposal, we understood that the working group driving the initiative would be responsible for choosing the right entity for the Program Manager role. We believe delegates, including L2BEAT, might not possess the relative expertise to properly assess the right candidate.
In addition, since the program manager will have to work closely with the Foundation, we thought it might have been a good idea for the Foundation to screen candidates to see who they would like to work with.
Regardless, before making a decision, we reviewed the applications and talked directly with all four applying teams to better understand their approach to the role and what they bring to the table. We also reached out to gather opinions of people working with candidates in the past. One thing that became apparent was that all four teams seemed to possess adequate experience and skills to fulfill the mandate of the STEP program manager role.
Ultimately, our decision boiled down to small details, which are attributed mostly to our personal preference and understanding rather than the capabilities of the applying teams. With that said, we decided to split our voting power in the following way:
- Stakehouse Financial - 40%
- Avantagarde Finance - 20%
- Particula - 20%
- Bluechip - 20%