Snapshot: DeFi Renaissance Incentive Program (DRIP)
We are voting for this proposal.
We support investing $80M ARB, which is also approximately the DAO’s YTD income according to Entropy, in incentivizing the growth of one of the key areas of Arbitrum. DRIP involves partners in a greater way, and overall approaches incentives differently through incentivizing specific activities in time defined seasons the program with the aim to revive interest in DeFi while also improving upon marketing, which has been a weak point and take away of other incentive programs.
We will support the proposal in the temp check, our only comment would be to echo GFX’s comment raising that 2 out of 3 committee members are beholden to each other and the importance of independent members when process and decision making requires a 2/3 approval. We do agree it makes sense to either replace or include additional independent members.