After consideration Treasure’s Arbitrum Representative Council (ARC) would like to share the following feedback on the proposal
In the absence of one consolidated forum thread related to the recent LTIP “Post Council Feedback” proposal submission, our voting rationale will be provided here instead.
We are voting Abstain across all proposals.
This decision is informed by, and aligned with, GFXLab’s perspective and recommendations on this topic.
Assorted LTIPP Revision Polls
Summary: These polls were put up by applicants that were not recommended for a grant under the LTIP Pilot.
Recommendation: Vote Abstain on all. We feel this represents a breakdown in the process. The LTIP Pilot did not allow for reviewers to provide feedback and then have applicants adjust, as their applications were frozen once submitted. This invariably did lead to some applicants not getting grants that likely would have had they been allowed to make revisions.
That being said, applicants should have been offered a new cycle of grants to apply to. In other grants programs, it is absolutely normal for grants to be rejected the first time and then subsequently approved after being strengthened based on feedback.
What we have here, however is the worst of all worlds. Applicants were rejected, given feedback, and understandably want to try again after responding to that feedback. Unfortunately, governance has chosen to revert back to direct appeals to delegates. We don’t think this is fair anyone.
This process gate keeps new applicants , who are not allowed to apply in this manner.This process deprives existing applicants from a rigorous, thoughtful feedback process like they received in LTIP Pilot to maximize the strength and efficacy of their grant plans.This process deprives governance from an organized work flow that minimizes waste and maximizes return on grants spending in the form of new users, new developers, and demand for block space.This process encumbers delegates who must now go through each application carefully, which is the very task they sought to escape by establishing LTIP.
Governance would be best served by simply tabling all of these applications and immediately renewing LTIP to allow for subsequent grants cycles to minimize delegate work load, maximize return on grants, maximize opportunities for grant applicants, and minimize governance spend once the best opportunities have been exhausted.
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