Arbitrum DAO - DAO Core contd.
Annual Report | Arbitrum DAO | 2024
ArbitrumDAO Procurement Committee
The ArbitrumDAO Procurement Committee (ADPC) proposal tasked the ADPC with facilitating & administering various procurement frameworks within the Arbitrum Ecosystem, creating new procurement frameworks for DAO Ratification & creating a proposal for security-service subsidies. It aimed to ensure a transparent, efficient, and accountable approach to procurement, benefiting the ecosystem by securing high-quality service providers via a preemptive quality assurance mechanism. The committee's mandate would include: - Overseeing and facilitating the procurement framework for security-oriented service providers. - Researching & drafting a proposal to the ArbitrumDAO to set up a subsidy-fund for security-oriented services that will be used to subsidize the costs for security-services for smaller projects within the Arbitrum Ecosystem. - Researching & implementing a framework that will establish a set of qualitative & quantitative metrics that will be utilized to assess a project’s eligibility for the ‘Subsidy Fund’. - Establishing procurement frameworks for a myriad of verticals/service-types that the ArbitrumDAO could need in the foreseeable future. - Creating and communicating guidance notes and circulars that will substantiate and provide additional detail in relation to any procurement framework that is ratified by the ArbitrumDAO. Member elections closed on 30 January 2024, with the three elected members, and fees, displayed opposite. As of 31st March ARB20k of the total allocation has been spent by the program. ARB15k to committee members (ARB5k each) & ARB5k for multisig signers (ARB1k each).
ADPC Budget (ARB)
Joseph (immutablelawyer) Stipend
+48k
Bernard Schmid Stipend
+48k
Paul Imseih (pablo) Stipend
+48k
+30k
Multisig Signers
ARB Price Buffer
+26k
200k
Total
0
50k
100k
150k
200k 25…
Delegates Incentive System (DIS)
The Delegates Incentive System aimed to introduce an Experimental Incentive System aimed at the Arbitrum DAO delegates with a duration of six months. The goal was to assess the incentives' impact on the delegates' active participation and involvement in the DAO's governance. 50 delegates would be selected to receive these incentives based on various criteria, including: - >ARB50k - >25% historical participation on Tally Delegates could receive a maximum of ARB5k per month, with actual receipts driven by a scoring framework. The framework aims to reward delegates who are driving the DAO forward and is a weighted metric taking into account delegates' participation in Snapshot and Tally voting, their communication of voting rationale and commentary on proposals impacting the DAO. As of 31st March only ARB20k has been spent on this program and it all relates to Karma's fees.
DIS Budget (ARB)
Delegate Incentives
+1.5m
+30k
Karma Development
+20k
Admin Costs
Multisig Signers
+30k
Total
1.6m
0
500k
1m 1.5m 2m
14
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