The Plurality Labs grants program was proposed to build an Arbitrum DAO Pluralistic Grants Program, aiming to provide a middle ground between Decentralized and Centralized grants programs. The Program Allocator (Plurality Labs) onboards pluralist grants managers who will be responsible for distributing funds to grant applicants that benefit the Arbitrum Ecosystem, focusing on specific needs within Arbitrum and their potential impact. Emphasis was placed on facilitating participation from the entire ecosystem. The below breakdown focuses on program 1A, funding totalling ARB2.85M was sent to the PL multisig on 30 Mar 2024. This figure will be included within the treasury holdings and statements. Plurality Labs Funding Request (ARB) Use of Funds Breakdown (ARB)
224k
617.5k
336k
300k
1.9m
827.8k
2.5m
Ecosystem Development 2.5m (74.4%) Matching Gitcoin Funding Pools 300k (8.9%) Plurality Labs Services 336k (10%) Grant Program Managers 224k (6.7%)
Funds Spent Funds Committed but Not Sent Funds Unallocated
The initial budget allocated to the program was ARB3.36M. Up to 31 Mar 2024, 82% of funding received by Plurality Labs had been either spent or committed to a grantee, leaving ARB617.5k unallocated. These are funds that have not been directly allocated to a grantee and remain uncommitted in the multisig wallet. Note that Program management fees, which were part of the initial budget, have been included in grants sent to grantees and not separately reflected. They have therefore been included under the category into which the grantee falls. Improving the clarity on segregation of funds between grantees vs program manager will be a key focus in the reporting on PL milestone 1b.
Plurality Labs ARB Spent / Allocated
4m
+3.4m
-776.3k
-510k
-300.9k
-336k
2m
-819.3k
-617.5k
0
Funding Received From Treasury
DAO Building Grant Innovation Gitcoin Funding Pools
Plurality Labs Service Fee
Committed but Not Sent
Unallocated
We have relied on PLs own data on funds "Committed but not sent" as these numbers are reflected only within PLs internal budgeting document and not represented by an onchain transaction.
Plurality Labs has their own classification of grants within 4 major categories:
Firestarters Designed to address specific and immediate needs within the DAO. Problems as identified by delegates and Plurality Labs are given a grant to do the initial sensemaking and research that is required to kickstart proactive action. Gitcoin QF Adds extra funds to the matching pool for quadratic funding rounds on Arbitrum. Top programs running on Arbitrum will be selected to receive additional funding.
GovBoost Direct grants funded to increase the Arbitrum DAO's ability to effectively govern its resources.
Grant Innovation Covers a range of areas across the arbitrum ecosystem.
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