October Voting Updates
Security Council
Vote: John (Gauntlet) and Omer (Chaos Labs)
We have divided our voting power among the two candidates who we believe can most responsibly bear this role: John (Gauntlet) and Omer (Chaos Labs). Having worked with both Gauntlet and Chaos Labs, we know the important role that they play in sustaining various protocols in the ecosystem. Namely, their work as risk assessors has been vital for DeFi money markets. So, the critical role that the companies behind these individuals play certainly lends itself to our recommendation. John and Omer also have extensive development experience behind their belts, along with skill sets in cyber security.
Empowering Early Contributors: The Community Arbiter Proposal
Vote: Yes
While it is certainly vital for the DAO to support ecosystem contributors like Arbiters, it’s also important to structure a clearly substantiated plan behind implementing such a rewards program. As far as where this proposal is in its current state, it doesn’t seem to sufficiently outline the details behind who will be distributed the stated $ARB rewards. Since there seems to be a cap of 25 recipients, it would be best to first outline those names explicitly for transparency purposes BEFORE going forward with a vote. This isn’t necessarily for the community to judge the selected individuals, it’s merely to track who is being rewarded prior to voting. It is also unclear what metrics exactly are used to determine the top 25 candidates and if 25 is in fact the optimal number. We are in favor of the spirit of this proposal and hope to enable more contributor-based reward programs in the future, but a more systematic approach at designing this initiative would, in our view, make it more compelling. For that reason, we are voting YES for the snapshot but hope to see some of the mentioned issues more fleshed out in the on chain vote.
Build Optimal Onboarding for STIP Teams (BOOST)
Vote: Yes
Creating this proposal was very much a strategic move by the Layer3 team. They could very well have applied as a participant in the STIP race, but they decided to wait until afterwards so they could frame themselves as an initiative that would tie together all the other STIPs. Another reason for not applying during the STIP round is likely because the contents of this proposal would have failed to successfully meet the criteria designated by the STIP designers. Layer3 is NOT distributing the 1M ARB as incentives. The incentives simply come from the $50M STIP pot. Instead, the 1M ARB will be used for development and marketing purposes. Although the breakdown of expenses is not fleshed out to a sufficient degree–granted it’s often hard to anticipate such expenses, but estimates wouldn’t hurt their case–we do see the merits behind questing programs. And since this one is directly tied to helping facilitate the current incentive program that has already been given $50M, it would be a shame if the STIP initiative didn’t prove to be as successful as anticipated. The current Layer3 proposal effectively helps give the STIP initiative a spurt of momentum. That being said, we are voting YES for the snapshot–but hoping to see a more comprehensive breakdown of costs during the onchain vote.