[Non-constitutional] Proposal to fund Plurality Labs Milestone 1B(ridge) | proposals.app

Plurality Labs Milestone 1b(ridge):

Decentralize grant decision, clarify value, prepare for scale

Introduction

Back in August, Arbitrum DAO passed our AIP-3 to build a pluralistic grants framework that decentralizes grants decision-making, avoids capture and scales valuable grants allocations, and grows the Arbitrum ecosystem overall.

Our proposal passed on Tally with ~99% of delegate votes. It had overwhelming support, we believe, because you a) trust our motives and capabilities, and b) understand how big and important the problem is:

Nearly every DAO struggles to create sustainable value - largely because DAO decision-making is famously slow, and inefficient, which drives them to compromise their values and centralize. Arbitrum is committed to being better, and you believed in our ability to help.

Background (Milestone 1a Retrospective)

Across Milestones 1a, we pluralistically deployed funds via 12 different grants programs and different modalities for grants decision-making.

Experimenting with multiple modalities allows us to allocate grants to support quick feedback about what works and can scale now. We can quickly evolve our grants decision making based the below success rubric, which determines where to allocate grants:

|414x277

Grow = double-down / start to scale
Coach = make changes / try again
Cut = discontinue / recommend to seed program

In Milestone 1a, we seeded the initial 12 Grants Programs. In Milestone 1b, we will lean on our newly established Plurality Labs board (more later!) as well as community voices who can evaluate our grants via our Thrive Protocol to inform where to cut, coach, and grow.

[Based on our pluralistic grants framework and success criteria, these are the current results of milestone 1 (details here)]

Some wins from Milestone 1a include:

Firestarters: Four proposals passed Snapshot because of our Firestarters program - which funds unbiased research, cat herding, and crafting of proposals crucial to the DAO. These include STIP, ARDC, ARPC, and STEP. (TNorm talking about our role with STIP)
Experimenting with Grants Decision-Making Modalities: We drove over 30 experiments in collective decision-making, including proactive and retroactive grant-making, and grant-making driven by experts, expert-counsels, permissionless counsels, random counsels, and direct input mechanisms.
Retroactive Grants: We drove the first retroactive grants program in Arbitrum, rewarding unpaid contributors, and setting the stage for follow-on experiments. Some of these people are creating obvious value in the ecosystem now, like Atom from castlecap who is now an LTIPP advisor.
Quadratic Funding: Via Gitcoin, we brought thousands of new users, and hundreds of builders and builder projects to the Arbitrum ecosystem.

Important learning from Milestone 1a:

Investing in documentation: We did a lot. We funded 250+ projects, and spurred movement all over the DAO. But we didn’t document our work and value well. More importantly, we didn’t deliver certain written deliverables that people in the DAO were expecting on time. It hurt us. We won’t make that mistake again.
Investing in communications: Our bias was for action. We cared about creating value and learning - and put blinders on for everything else. We should have hired a Marketing or Comms person. We didn’t. Going forward, we’ll button up. We have a good story to tell. We’re excited to tell it.
Leveraging internal team: Plurality Labs was acquired by ThriveCoin in August of 2023. We have a team of 26 people who support other big ecosystems. We could have leveraged Thrive best practices. But in an effort to stay “true” to the Milestone 1 proposal, we kept the teams separate - too separate. We’ll use all available resources this time.

Summary

We have a big vision. We’re seeking to build the most robust pluralistic grants ecosystem in DAO history. To do it, we took some big shots on goal in Milestone 1a - funding 12 grant programs using 30 decision making experiments to fund 250+ projects. Some shots scored and others missed.

This is aligned with the expectations of the pluralistic grants approach. The only way to create and scale pluralistic grants is to decentralize bet taking… and to get as comfortable with the shots that embarrassingly fly into the stands as we are with the goals.

Because it’s all data. And the data helps us double-down on winners and cut what doesn’t work yet. With the data we’re collecting, we will consistently improve results; we will create a robust, long-term pluralistic grants framework for Arbitrum DAO. This framework is emerging now, and it will continue to become clearer throughout Milestone 1b(ridge).

Milestone 1(bridge):

In our maiden proposal, the principal outcome we sought to achieve was to demonstrate that we could deliver and scale enormous value creation via a pluralistic grants framework. The general feedback from delegates has been: kind of…

There seems to be wide agreement that we created value. There also seems to be wide agreement that there’s something here to scale. But there isn’t yet wide agreement that we’ve documented our learning or that we are ready for scale. Fair.

Thus, after consultation with a number of the top delegates, we created this Milestone 1b(ridge) proposal that asks for the exact same amount of ARB and same timeframe as passed with 99% of delegate vote in August.

In Milestone 1b, we will show:

We can build on winners and cut underperformers with our initial grants allocations.
We can continue to drive experimentation with new grants allocations.
We can deliver on all deliverables for Milestone 1 to the satisfaction of our top delegates.
We can leverage better tech and systems to support further scale in Milestone 2.

To ensure we achieve these goals, we are implementing best-practices from the Thrive team that, also, are aligned with feedback we received from delegates:

Plurality Labs Board: We are welcoming a board of top voices in the Arbitrum community for oversight, and to ensure decentralized decision-making.
Human validations: Thrive Protocol allows us to validate when value is created, and pay out funds to projects upon value creation. This is critical for scale. We’ll use it.
Team upgrade: We are bringing in the big guns for this one, adding team members that know grants, know DAOs, and know scale.

Here’s more information about our commitments in Milestone 1b(ridge):

Plurality Labs Board: We brought together trusted and known voices in the Arbitrum community. Their role with us is to gather feedback and data from our Arbitrum community, and to make strategic decisions about grants allocators, specific grants / contributions, and validations.

This board is part of this vote. We found people to represent the different stakeholder groups in Arbitrum. Now your votes will ratify this group - which includes two who voted "No" to our temp check for Milestone 2!

|624x468

Human Validations: Going forward, we will fund our grants at specific milestones of value creation. White-listed Arbitrum community members will - in a pluralistic way - help clarify when value is created, and will also be rewarded for their services (more on this later).

Team revamp: We are fully utilizing our 26-person ThriveCoin team), we have also added some key team members to our roster, including: Ben West (GitCoin grants lead), Kyler Wandler (DAO Research Collective), and Scott Mandel (Complex Labs, Flexa, 2Q Ventures).

Cost

As aligned with the feedback we’ve received from delegates and community members, we made this proposal easy: The total cost and timeframe are the same as the first proposal: 3.36M ARB and 6 months, with 336k ARB to Plurality Labs and 224k ARB to program management, as in the first proposal.

2.8M ARB will be funding ecosystem development, including demonstrating that we can create incrementally more value with our emerging pluralistic grants framework. We are also adding a layer of oversight to our work - welcoming an esteemed Plurality Labs board. They will, among other things, help ensure we deliver the value we promise.

The 560k ARB services fee (same ARB and same buckets as first proposal) includes:

Image 2024-02-19 at 7.23.29 PM|690x96

Impact:

Our intention is for this to be one of the most impactful AIPs in the history of Arbitrum. If we do our work right (and we believe we’re on the right track) we should be spurring thriving, net-positive ecosystem activity in Arbitrum for years to come.

Additionally, we’ll be doing it via a pluralistic grants framework that has a consistent bias for value creation, further decentralization, and resistance to capture. We will be building the future of web3 together, and providing a path for all great people and teams to work with Arbitrum.

When the value of Milestone 1b is obvious, we’ll present Milestone 2.

Thank you.

Read more

Plurality Labs Milestone 1b(ridge):

Decentralize grant decision, clarify value, prepare for scale

Introduction

Back in August, Arbitrum DAO passed our AIP-3 to build a pluralistic grants framework that decentralizes grants decision-making, avoids capture and scales valuable grants allocations, and grows the Arbitrum ecosystem overall.

Our proposal passed on Tally with ~99% of delegate votes. It had overwhelming support, we believe, because you a) trust our motives and capabilities, and b) understand how big and important the problem is:

Nearly every DAO struggles to create sustainable value - largely because DAO decision-making is famously slow, and inefficient, which drives them to compromise their values and centralize. Arbitrum is committed to being better, and you believed in our ability to help.

Background (Milestone 1a Retrospective)

Across Milestones 1a, we pluralistically deployed funds via 12 different grants programs and different modalities for grants decision-making.

Experimenting with multiple modalities allows us to allocate grants to support quick feedback about what works and can scale now. We can quickly evolve our grants decision making based the below success rubric, which determines where to allocate grants:

|414x277

Grow = double-down / start to scale
Coach = make changes / try again
Cut = discontinue / recommend to seed program

In Milestone 1a, we seeded the initial 12 Grants Programs. In Milestone 1b, we will lean on our newly established Plurality Labs board (more later!) as well as community voices who can evaluate our grants via our Thrive Protocol to inform where to cut, coach, and grow.

[Based on our pluralistic grants framework and success criteria, these are the current results of milestone 1 (details here)]

Some wins from Milestone 1a include:

Firestarters: Four proposals passed Snapshot because of our Firestarters program - which funds unbiased research, cat herding, and crafting of proposals crucial to the DAO. These include STIP, ARDC, ARPC, and STEP. (TNorm talking about our role with STIP)
Experimenting with Grants Decision-Making Modalities: We drove over 30 experiments in collective decision-making, including proactive and retroactive grant-making, and grant-making driven by experts, expert-counsels, permissionless counsels, random counsels, and direct input mechanisms.
Retroactive Grants: We drove the first retroactive grants program in Arbitrum, rewarding unpaid contributors, and setting the stage for follow-on experiments. Some of these people are creating obvious value in the ecosystem now, like Atom from castlecap who is now an LTIPP advisor.
Quadratic Funding: Via Gitcoin, we brought thousands of new users, and hundreds of builders and builder projects to the Arbitrum ecosystem.

Important learning from Milestone 1a:

Investing in documentation: We did a lot. We funded 250+ projects, and spurred movement all over the DAO. But we didn’t document our work and value well. More importantly, we didn’t deliver certain written deliverables that people in the DAO were expecting on time. It hurt us. We won’t make that mistake again.
Investing in communications: Our bias was for action. We cared about creating value and learning - and put blinders on for everything else. We should have hired a Marketing or Comms person. We didn’t. Going forward, we’ll button up. We have a good story to tell. We’re excited to tell it.
Leveraging internal team: Plurality Labs was acquired by ThriveCoin in August of 2023. We have a team of 26 people who support other big ecosystems. We could have leveraged Thrive best practices. But in an effort to stay “true” to the Milestone 1 proposal, we kept the teams separate - too separate. We’ll use all available resources this time.

Summary

We have a big vision. We’re seeking to build the most robust pluralistic grants ecosystem in DAO history. To do it, we took some big shots on goal in Milestone 1a - funding 12 grant programs using 30 decision making experiments to fund 250+ projects. Some shots scored and others missed.

This is aligned with the expectations of the pluralistic grants approach. The only way to create and scale pluralistic grants is to decentralize bet taking… and to get as comfortable with the shots that embarrassingly fly into the stands as we are with the goals.

Because it’s all data. And the data helps us double-down on winners and cut what doesn’t work yet. With the data we’re collecting, we will consistently improve results; we will create a robust, long-term pluralistic grants framework for Arbitrum DAO. This framework is emerging now, and it will continue to become clearer throughout Milestone 1b(ridge).

Milestone 1(bridge):

In our maiden proposal, the principal outcome we sought to achieve was to demonstrate that we could deliver and scale enormous value creation via a pluralistic grants framework. The general feedback from delegates has been: kind of…

There seems to be wide agreement that we created value. There also seems to be wide agreement that there’s something here to scale. But there isn’t yet wide agreement that we’ve documented our learning or that we are ready for scale. Fair.

Thus, after consultation with a number of the top delegates, we created this Milestone 1b(ridge) proposal that asks for the exact same amount of ARB and same timeframe as passed with 99% of delegate vote in August.

In Milestone 1b, we will show:

We can build on winners and cut underperformers with our initial grants allocations.
We can continue to drive experimentation with new grants allocations.
We can deliver on all deliverables for Milestone 1 to the satisfaction of our top delegates.
We can leverage better tech and systems to support further scale in Milestone 2.

To ensure we achieve these goals, we are implementing best-practices from the Thrive team that, also, are aligned with feedback we received from delegates:

Plurality Labs Board: We are welcoming a board of top voices in the Arbitrum community for oversight, and to ensure decentralized decision-making.
Human validations: Thrive Protocol allows us to validate when value is created, and pay out funds to projects upon value creation. This is critical for scale. We’ll use it.
Team upgrade: We are bringing in the big guns for this one, adding team members that know grants, know DAOs, and know scale.

Here’s more information about our commitments in Milestone 1b(ridge):

Plurality Labs Board: We brought together trusted and known voices in the Arbitrum community. Their role with us is to gather feedback and data from our Arbitrum community, and to make strategic decisions about grants allocators, specific grants / contributions, and validations.

This board is part of this vote. We found people to represent the different stakeholder groups in Arbitrum. Now your votes will ratify this group - which includes two who voted "No" to our temp check for Milestone 2!

|624x468

Human Validations: Going forward, we will fund our grants at specific milestones of value creation. White-listed Arbitrum community members will - in a pluralistic way - help clarify when value is created, and will also be rewarded for their services (more on this later).

Team revamp: We are fully utilizing our 26-person ThriveCoin team), we have also added some key team members to our roster, including: Ben West (GitCoin grants lead), Kyler Wandler (DAO Research Collective), and Scott Mandel (Complex Labs, Flexa, 2Q Ventures).

Cost

As aligned with the feedback we’ve received from delegates and community members, we made this proposal easy: The total cost and timeframe are the same as the first proposal: 3.36M ARB and 6 months, with 336k ARB to Plurality Labs and 224k ARB to program management, as in the first proposal.

2.8M ARB will be funding ecosystem development, including demonstrating that we can create incrementally more value with our emerging pluralistic grants framework. We are also adding a layer of oversight to our work - welcoming an esteemed Plurality Labs board. They will, among other things, help ensure we deliver the value we promise.

The 560k ARB services fee (same ARB and same buckets as first proposal) includes:

Image 2024-02-19 at 7.23.29 PM|690x96

Impact:

Our intention is for this to be one of the most impactful AIPs in the history of Arbitrum. If we do our work right (and we believe we’re on the right track) we should be spurring thriving, net-positive ecosystem activity in Arbitrum for years to come.

Additionally, we’ll be doing it via a pluralistic grants framework that has a consistent bias for value creation, further decentralization, and resistance to capture. We will be building the future of web3 together, and providing a path for all great people and teams to work with Arbitrum.

When the value of Milestone 1b is obvious, we’ll present Milestone 2.

Thank you.

Read more

posted 2 years ago

@Michigan_Blockchain and @PrincetonBlockchain thank you for your kind words and support.

Quoted from PrincetonBlockchain

The Princeton Blockchain Club will be voting FOR funding Milestone 1B(ridge) at the Snapshot stage. Supporting a wide variety of community grants programs is important to us, and we think the addition of the Plurality Labs board should help increase the impact of this proposal.

4

68

Read More

@Michigan_Blockchain and @PrincetonBlockchain thank you for your kind words and support.

Quoted from PrincetonBlockchain

The Princeton Blockchain Club will be voting FOR funding Milestone 1B(ridge) at the Snapshot stage. Supporting a wide variety of community grants programs is important to us, and we think the addition of the Plurality Labs board should help increase the impact of this proposal.

Big thanks to Joe / the Plurality Labs team for incorporating delegate feedback from the previous vote!

jump to post →

Quoted from Michigan_Blockchain

We will be voting in favor of the proposal. Our decision is rooted in the achievements from Milestone 1a, which demonstrated significant progress towards decentralizing the grant decision-making process and now continuing to implement the grants ecosystem. Integrating the plurality labs board will help streamline the decision-making process and more efficiently allocate resources. We believe this approach aligns with our vision for the ecosystem and sets a solid foundation to scale in Milestone 2 if implemented correctly.

jump to post →

Again, thank you. We also believe in the work your and other university blockchain groups are doing to onboard the next generation of blockchain - and Arbitrum - leaders and contributors. It is important and vital work for our ecosystem.

posted 2 years ago

Thanks so much for your feedback and questions @404DAO. I'm happy to respond:

Quoted from 404DAO

404 DAO appreciates Plurality Labs/Joe’s efforts in Milestone 1 as well as the work that was put into crafting this bridge proposal to address the concerns previously raised by governance.

1

74

Read More

Thanks so much for your feedback and questions @404DAO. I'm happy to respond:

Quoted from 404DAO

404 DAO appreciates Plurality Labs/Joe’s efforts in Milestone 1 as well as the work that was put into crafting this bridge proposal to address the concerns previously raised by governance.

jump to post →

Thank you. This means a lot. We are always working to be better, and we're appreciative that you see it.

Quoted from 404DAO

We can see that funds are still being sent out on approximately a weekly cadence, but can you please clarify if this dashboard is up to date? We would like to see where these remaining funds are allocated to and any updated timelines that the DAO can expect for these Milestone 1 programs to conclude.

jump to post →

Yes, while nearly all funds from Milestone 1 have been committed, Programs are still allocating funds in alignment with their timelines - some of which have been delayed for reasons outside of our control.

Kyler Wandler, now a full-time team member (previously from DAO Research Collective), is consistently updating the dashboard. He'll be updating the DAO on the cadence of dashboard updates and estimated conclusion dates for still-outstanding Milestone 1 Programs.

Quoted from 404DAO

Is there an update on the responsibility of the Board and the creation of a Charter, as you alluded to here? Primarily, we are interested to learn how the board will hold Plurality Labs accountable for the original deliverables stated in AIP-3.

jump to post →

The draft board charter has been circulated, and they've had starting conversations and feedback on it. As soon as it is ratified, we will update the DAO here. The board will serve in an advisory and oversight capacity - giving crucial insight into the needs of the community and support on everything from program grants decisions to how best to create value for Arbitrum.

You had many questions about ThriveCoin as well. I'm happy to quickly answer them.

Quoted from 404DAO

Can you tell us more about the qualifications of the ThriveCoin team members that will be assisting Plurality Labs in Milestone 1b?

jump to post →

We have dozens of people on the team, so I won't list all of us. But here are some of us:

Daniel Jacobs, founder (me). Multiple time founder, CEO, exits. Background in building "contribution economies" to scale. I tend to be a fairly behind-the-scenes guy, but here's a Forbes article that shares some of my background and passions. Also, I did my first meaningful crypto project way back in 2013.

Rilind Mehmeti, CTO. Rilind was an OG crypto builder and CTO. He built some of the first experimental stablecoins and staking smart contracts. He then went onto lead engineering at my last company and do a stint at Amazon before I convinced him to play together again.

Vigan Abdurrahmani, Head of Blockchain. Vigan has been in engineering leadership at BitFinex for years, one of the top exchanges. He's also worked with Rilind on a multitude of "top secret" projects - both inside and outside web3.

Gerard Hernandez, CFO. Gerard is currently on the Board of the ApeCoin Foundation - the only board member person to be elected twice. He has large enterprise CFO experience, but he's also about as degen as it gets, deeply involved with ApeCoin and supporting other top projects.

Martin Hui, Head of Customer Success. Martin was Head of Legal M&A for North America for all of Morgan Stanley before coming here. At least, that was his day job. At night... web3. We convinced him to leave the collared shirts behind and come to the light.

Scott Mandel, Head of Marketing. Scott built and drove forward a conceptually aligned but adjacent web3 organization to ThriveCoin - Complex Labs. He was also Head of Community at Flexa, global leader in digital payments, and early web3. He also was MD at Risk Rewards Ventures.

Quoted from 404DAO

Additionally can you please expand on the extent of their responsibilities or the resources provided that will help ensure Milestone 1b does not replicate the shortcomings of Milestone 1?

jump to post →

The Thrive team is devoted to the success of Milestone 1b(ridge). We are builders - doers - more than we are talkers, so you will see our commitment in results. We will provide technology that supports Plurality Labs in validating, rewarding, and attesting when value is created with grants programs. We will provide best practices for strong operating procedures and help ensure readiness for scale.

In terms of additional resources, we hired Ben (GitCoin grants lead) and Kyler (DAO Research Collective) to support the PL team before Milestone 1b(ridge) has even been passed. Additionally, we'll be providing engineering resources that helps drive value creation and preparation for scale. We'll do what is needed to support enormous value creation for Arbitrum.

Quoted from 404DAO

Are you able to provide links to ThriveCoin’s Github or Docs? We struggled to find any technical or detailed explanation of ThriveCoin’s products.

jump to post →

Sure. Here's our public documentation on GitHub. FWIW while we plan on decentralizing later this year, we've somewhat stealth about our work. This is why - despite enormous growth - we've kept documentation sparse. In the coming months, we'll open up and publish much more material on the work we've been doing, which we believe is crucial to the future of web3.

Quoted from 404DAO

Thank you again for your time and effort to create a pluralistic grants framework in Arbitrum! We look forward to your responses to our questions.

jump to post →

Thank you. This work is very close to all of our hearts. We appreciate your belief in us, and we are very excited to continue to build and create enormous value for Arbitrum.

posted 2 years ago

@Michigan_Blockchain and @PrincetonBlockchain thank you for your kind words and support.

Quoted from PrincetonBlockchain

The Princeton Blockchain Club will be voting FOR funding Milestone 1B(ridge) at the Snapshot stage. Supporting a wide variety of community grants programs is important to us, and we think the addition of the Plurality Labs board should help increase the impact of this proposal.

4

68

Read More

@Michigan_Blockchain and @PrincetonBlockchain thank you for your kind words and support.

Quoted from PrincetonBlockchain

The Princeton Blockchain Club will be voting FOR funding Milestone 1B(ridge) at the Snapshot stage. Supporting a wide variety of community grants programs is important to us, and we think the addition of the Plurality Labs board should help increase the impact of this proposal.

Big thanks to Joe / the Plurality Labs team for incorporating delegate feedback from the previous vote!

jump to post →

Quoted from Michigan_Blockchain

We will be voting in favor of the proposal. Our decision is rooted in the achievements from Milestone 1a, which demonstrated significant progress towards decentralizing the grant decision-making process and now continuing to implement the grants ecosystem. Integrating the plurality labs board will help streamline the decision-making process and more efficiently allocate resources. We believe this approach aligns with our vision for the ecosystem and sets a solid foundation to scale in Milestone 2 if implemented correctly.

jump to post →

Again, thank you. We also believe in the work your and other university blockchain groups are doing to onboard the next generation of blockchain - and Arbitrum - leaders and contributors. It is important and vital work for our ecosystem.

posted 2 years ago

Thanks so much for your feedback and questions @404DAO. I'm happy to respond:

Quoted from 404DAO

404 DAO appreciates Plurality Labs/Joe’s efforts in Milestone 1 as well as the work that was put into crafting this bridge proposal to address the concerns previously raised by governance.

1

74

Read More

Thanks so much for your feedback and questions @404DAO. I'm happy to respond:

Quoted from 404DAO

404 DAO appreciates Plurality Labs/Joe’s efforts in Milestone 1 as well as the work that was put into crafting this bridge proposal to address the concerns previously raised by governance.

jump to post →

Thank you. This means a lot. We are always working to be better, and we're appreciative that you see it.

Quoted from 404DAO

We can see that funds are still being sent out on approximately a weekly cadence, but can you please clarify if this dashboard is up to date? We would like to see where these remaining funds are allocated to and any updated timelines that the DAO can expect for these Milestone 1 programs to conclude.

jump to post →

Yes, while nearly all funds from Milestone 1 have been committed, Programs are still allocating funds in alignment with their timelines - some of which have been delayed for reasons outside of our control.

Kyler Wandler, now a full-time team member (previously from DAO Research Collective), is consistently updating the dashboard. He'll be updating the DAO on the cadence of dashboard updates and estimated conclusion dates for still-outstanding Milestone 1 Programs.

Quoted from 404DAO

Is there an update on the responsibility of the Board and the creation of a Charter, as you alluded to here? Primarily, we are interested to learn how the board will hold Plurality Labs accountable for the original deliverables stated in AIP-3.

jump to post →

The draft board charter has been circulated, and they've had starting conversations and feedback on it. As soon as it is ratified, we will update the DAO here. The board will serve in an advisory and oversight capacity - giving crucial insight into the needs of the community and support on everything from program grants decisions to how best to create value for Arbitrum.

You had many questions about ThriveCoin as well. I'm happy to quickly answer them.

Quoted from 404DAO

Can you tell us more about the qualifications of the ThriveCoin team members that will be assisting Plurality Labs in Milestone 1b?

jump to post →

We have dozens of people on the team, so I won't list all of us. But here are some of us:

Daniel Jacobs, founder (me). Multiple time founder, CEO, exits. Background in building "contribution economies" to scale. I tend to be a fairly behind-the-scenes guy, but here's a Forbes article that shares some of my background and passions. Also, I did my first meaningful crypto project way back in 2013.

Rilind Mehmeti, CTO. Rilind was an OG crypto builder and CTO. He built some of the first experimental stablecoins and staking smart contracts. He then went onto lead engineering at my last company and do a stint at Amazon before I convinced him to play together again.

Vigan Abdurrahmani, Head of Blockchain. Vigan has been in engineering leadership at BitFinex for years, one of the top exchanges. He's also worked with Rilind on a multitude of "top secret" projects - both inside and outside web3.

Gerard Hernandez, CFO. Gerard is currently on the Board of the ApeCoin Foundation - the only board member person to be elected twice. He has large enterprise CFO experience, but he's also about as degen as it gets, deeply involved with ApeCoin and supporting other top projects.

Martin Hui, Head of Customer Success. Martin was Head of Legal M&A for North America for all of Morgan Stanley before coming here. At least, that was his day job. At night... web3. We convinced him to leave the collared shirts behind and come to the light.

Scott Mandel, Head of Marketing. Scott built and drove forward a conceptually aligned but adjacent web3 organization to ThriveCoin - Complex Labs. He was also Head of Community at Flexa, global leader in digital payments, and early web3. He also was MD at Risk Rewards Ventures.

Quoted from 404DAO

Additionally can you please expand on the extent of their responsibilities or the resources provided that will help ensure Milestone 1b does not replicate the shortcomings of Milestone 1?

jump to post →

The Thrive team is devoted to the success of Milestone 1b(ridge). We are builders - doers - more than we are talkers, so you will see our commitment in results. We will provide technology that supports Plurality Labs in validating, rewarding, and attesting when value is created with grants programs. We will provide best practices for strong operating procedures and help ensure readiness for scale.

In terms of additional resources, we hired Ben (GitCoin grants lead) and Kyler (DAO Research Collective) to support the PL team before Milestone 1b(ridge) has even been passed. Additionally, we'll be providing engineering resources that helps drive value creation and preparation for scale. We'll do what is needed to support enormous value creation for Arbitrum.

Quoted from 404DAO

Are you able to provide links to ThriveCoin’s Github or Docs? We struggled to find any technical or detailed explanation of ThriveCoin’s products.

jump to post →

Sure. Here's our public documentation on GitHub. FWIW while we plan on decentralizing later this year, we've somewhat stealth about our work. This is why - despite enormous growth - we've kept documentation sparse. In the coming months, we'll open up and publish much more material on the work we've been doing, which we believe is crucial to the future of web3.

Quoted from 404DAO

Thank you again for your time and effort to create a pluralistic grants framework in Arbitrum! We look forward to your responses to our questions.

jump to post →

Thank you. This work is very close to all of our hearts. We appreciate your belief in us, and we are very excited to continue to build and create enormous value for Arbitrum.

posted 2 years ago

Hi @MinistroDolar,

First, it's great to connect. I've lived in Argentina, Chile, Peru, Costa Rica, and Guatemala during various stints of writing, volunteer work, and work. LATAM is a big part of my heart.

Thanks for your thoughtful feedback. Responses are below:

2

73

Read More

Hi @MinistroDolar,

First, it's great to connect. I've lived in Argentina, Chile, Peru, Costa Rica, and Guatemala during various stints of writing, volunteer work, and work. LATAM is a big part of my heart.

Thanks for your thoughtful feedback. Responses are below:

Quoted from MinistroDolar

thank you for reconsidering your proposal and taking into account the delegates’ feedback.

jump to post →

Of course. Feedback makes us better.

Quoted from MinistroDolar

clearer/quantifiable objectives as well as more detail regarding the execution/timeline of the program and also deadlines to achieving each deliverable/objective.

jump to post →

Here are the quantifiable objectives for Milestone 1B(ridge), along with further detail:

Double-down on winners and cut underperformers across our grants allocations (e.g. show that we can quantifiably increase value and efficiency over time).
Drive experimentation with new grants allocations (e.g. demonstrate that we can continue to attract, fund, and drive value with top talent and powerful experiments).
Deliver all deliverables for Milestone 1 to the satisfaction of top delegates (e.g. button up, improve reporting, close the loop, quantify).
Leverage our tech and systems to support further scale (e.g. use ThriveCoin and Thrive Protocol to validate and fund grants at value creation, and demonstrate readiness for scale).

Quoted from MinistroDolar

It is important that in addition to the Board, any delegate or member of the community be able to properly follow up on the proposal.

jump to post →

Yes. We agree. We'll make sure this happens.

Again, thanks so much for your feedback, MinistroDolar. I'm excited to meet in person sometime.

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posted 2 years ago

Hi @PGov, I'm happy to respond while Joe makes the rounds at EthDenver :sweat_smile:

Quoted from PGov

As a delegate, we find the proposal for funding Plurality Labs Milestone 1B(ridge) quite intriguing, particularly for its focus on decentralization and innovation within the ecosystem.

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Hi @PGov, I'm happy to respond while Joe makes the rounds at EthDenver :sweat_smile:

Quoted from PGov

As a delegate, we find the proposal for funding Plurality Labs Milestone 1B(ridge) quite intriguing, particularly for its focus on decentralization and innovation within the ecosystem.

jump to post →

Thank you. Yes, the value of more efficient decentralized grants-making is that we can experiment quickly, double down on the winners, and scale grants making in a way that avoids capture.

Quoted from PGov

Could using these existing [grants] programs offer a more streamlined approach to funding, while still aligning with governance values?

jump to post →

Grants programs (we call them "grants allocators") can create enormous value... or not. They can operate in ways that are fully aligned with governance values... or not. The benefit of our work is that we work with, in your words "established grants programs" as allocators. We also work to ensure they drive desired value and values alignment. If they do, we double down on them. In this way, we help ensure the work we do with grants allocators - whether they are more or less established - leads to more value for the DAO.

Quoted from PGov

simply [I] just am a little confused as to why this is going to general governance and not existing pre voted in structures.

jump to post →

You might mean a few things by your words "existing pre voted in structures". If you're talking about the Arbitrum Foundation, we have a close working relationship to optimize our work in Arbitrum. If you're talking about DAO votes, we were literally AIP-3 - which passed with ~99% of the vote. If you're talking about work we've done across web3, we have a years-long (value-driving) footprint and history. In other words, I believe we are the structure you're hoping for. In answer to your question, we are going through the DAO voting process because it's important for our community to have a voice in the work we do and value we create.

Thanks again, PGov, for your support, questions, and contributions to the DAO. And happy weekend!

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posted 2 years ago

Hi @MinistroDolar,

First, it's great to connect. I've lived in Argentina, Chile, Peru, Costa Rica, and Guatemala during various stints of writing, volunteer work, and work. LATAM is a big part of my heart.

Thanks for your thoughtful feedback. Responses are below:

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Hi @MinistroDolar,

First, it's great to connect. I've lived in Argentina, Chile, Peru, Costa Rica, and Guatemala during various stints of writing, volunteer work, and work. LATAM is a big part of my heart.

Thanks for your thoughtful feedback. Responses are below:

Quoted from MinistroDolar

thank you for reconsidering your proposal and taking into account the delegates’ feedback.

jump to post →

Of course. Feedback makes us better.

Quoted from MinistroDolar

clearer/quantifiable objectives as well as more detail regarding the execution/timeline of the program and also deadlines to achieving each deliverable/objective.

jump to post →

Here are the quantifiable objectives for Milestone 1B(ridge), along with further detail:

Double-down on winners and cut underperformers across our grants allocations (e.g. show that we can quantifiably increase value and efficiency over time).
Drive experimentation with new grants allocations (e.g. demonstrate that we can continue to attract, fund, and drive value with top talent and powerful experiments).
Deliver all deliverables for Milestone 1 to the satisfaction of top delegates (e.g. button up, improve reporting, close the loop, quantify).
Leverage our tech and systems to support further scale (e.g. use ThriveCoin and Thrive Protocol to validate and fund grants at value creation, and demonstrate readiness for scale).

Quoted from MinistroDolar

It is important that in addition to the Board, any delegate or member of the community be able to properly follow up on the proposal.

jump to post →

Yes. We agree. We'll make sure this happens.

Again, thanks so much for your feedback, MinistroDolar. I'm excited to meet in person sometime.

2

73

posted 2 years ago

Hi @PGov, I'm happy to respond while Joe makes the rounds at EthDenver :sweat_smile:

Quoted from PGov

As a delegate, we find the proposal for funding Plurality Labs Milestone 1B(ridge) quite intriguing, particularly for its focus on decentralization and innovation within the ecosystem.

4

72

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Hi @PGov, I'm happy to respond while Joe makes the rounds at EthDenver :sweat_smile:

Quoted from PGov

As a delegate, we find the proposal for funding Plurality Labs Milestone 1B(ridge) quite intriguing, particularly for its focus on decentralization and innovation within the ecosystem.

jump to post →

Thank you. Yes, the value of more efficient decentralized grants-making is that we can experiment quickly, double down on the winners, and scale grants making in a way that avoids capture.

Quoted from PGov

Could using these existing [grants] programs offer a more streamlined approach to funding, while still aligning with governance values?

jump to post →

Grants programs (we call them "grants allocators") can create enormous value... or not. They can operate in ways that are fully aligned with governance values... or not. The benefit of our work is that we work with, in your words "established grants programs" as allocators. We also work to ensure they drive desired value and values alignment. If they do, we double down on them. In this way, we help ensure the work we do with grants allocators - whether they are more or less established - leads to more value for the DAO.

Quoted from PGov

simply [I] just am a little confused as to why this is going to general governance and not existing pre voted in structures.

jump to post →

You might mean a few things by your words "existing pre voted in structures". If you're talking about the Arbitrum Foundation, we have a close working relationship to optimize our work in Arbitrum. If you're talking about DAO votes, we were literally AIP-3 - which passed with ~99% of the vote. If you're talking about work we've done across web3, we have a years-long (value-driving) footprint and history. In other words, I believe we are the structure you're hoping for. In answer to your question, we are going through the DAO voting process because it's important for our community to have a voice in the work we do and value we create.

Thanks again, PGov, for your support, questions, and contributions to the DAO. And happy weekend!

4

72

posted 2 years ago

Hi @Immutablelawyer, it's nice to meet you, and thanks for your thoughtful reply.

Quoted from Immutablelawyer

I do think that this is a good approach to finalise pending mandate-points from Tenure [1] while still ensuring that the Program can proceed and continue providing value to the Ecosystem (on this point re. value-add, I do not think that there are any arguments).

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Hi @Immutablelawyer, it's nice to meet you, and thanks for your thoughtful reply.

Quoted from Immutablelawyer

I do think that this is a good approach to finalise pending mandate-points from Tenure [1] while still ensuring that the Program can proceed and continue providing value to the Ecosystem (on this point re. value-add, I do not think that there are any arguments).

jump to post →

We really appreciate that you see the value we've created, and we're excited to build on that value while also shoring up areas where we can improve.

Quoted from Immutablelawyer

I’d like to see from PL is more operational excellence i.e. :

Proper accounting; and
Proper onoging visibility of Grants Funded, Stage/Milestone reached, Recipients etc.

jump to post →

Yes. To address these needs, we brought on Ben, who ran GitCoin grants rounds for the last few years, and who has an extensive operational background. Additionally, we've brought on Kyler, from the DAO Research Collective, and Scott from Complex Labs and Flexa, to add additional muscle.

Quoted from Immutablelawyer

In addition, given the nascent nature of the Pluralistic ideology, I think the inclusion of a knowledgeable advisory board to serve as an ongoing supervisor of sorts on what the Program is achieving/what the Program can improve is a great addition.

jump to post →

Agreed. This board has enormous experience, expertise, and passion for Arbitrum. They will help us. We have high expectations for ourselves, and we want to be held to their high standards for our work together.

Quoted from Immutablelawyer

As a further aside, I would also like to applaud PL for taking on all the feedback provided throughout the past few weeks!

jump to post →

Thank you. Our perspective is that we're stronger together. Hard feedback makes us better. We appreciate your trust and belief in us to hear it and to use it to be better.

Quoted from Immutablelawyer

My only suggestion here would be to add a compensation to these members. I feel that a compensation is always merited in a case where responsibility/obligation is being undertaken. Plus, the DAO would have an expectation on the part of the advisors for such advisors to perform and perform their function if a compensation is attached.

jump to post →

Great point. We will bring it up for consideration in future board meetings.

Quoted from Immutablelawyer

Aside from the above, I look forward to seeing the proposal move forward.

jump to post →

Thank you. And thanks again for your feedback and suggestions.

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posted 2 years ago

Hi thedevanshmehta,

Thanks for your comment and support. We appreciate your contributions to the DAO through the Treasury and Sustainability Firestarter, and we're excited to see where it goes. I am Daniel, cofounder of ThriveCoin, and I'm happy to address your feedback and questions:

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Hi thedevanshmehta,

Thanks for your comment and support. We appreciate your contributions to the DAO through the Treasury and Sustainability Firestarter, and we're excited to see where it goes. I am Daniel, cofounder of ThriveCoin, and I'm happy to address your feedback and questions:

Quoted from thedevanshmehta

I particularly like the present proposal as it has both a bottom-up pluralist framework empowering individual contributors to step up even if they have no entity or team behind them, and a top-down council comprising key decision makers in Arbitrum. This proposal has my full support.

jump to post →

Thank you. That means a lot to us.

Quoted from thedevanshmehta

Bridge 1b is asking for a 2x increase compared to 1a as the price of ARB has ~ doubled. May we know where the additional funds will be deployed? Would it be paying grantees/PL staff the same ARB rate as earlier, hiring additional staff, deploying more to evaluations or some other purpose?

jump to post →

The price of ARB was $1.82 when I last looked today. When milestone 1a was passed, the price of ARB was $1.16. That's a 56% increase currently. In the last few days that number has dipped lower - and we have yet to see the impact on price of a succession of soon-to-come large unlocks.

Given the obvious volatility of ARB, the PL team spoke with a number of delegates about the fairest way to do this bridge. The most common answer was what you probably expect: keep prices in ARB, and keep amounts the same. It make it easy on everyone and feels fair. So that's what we did.

Quoted from thedevanshmehta

I have seen some discussion in our Telegram groups that... Joe [i]s the domain allocator.

jump to post →

While Joe was the most visible program manager on Telegram chats (which may be why that perception exists), he was not the main domain allocator. In the first deployment, there were 12 programs selected as allocators. Joe was the program manager for 2 of them, which is just 16.6%

Going forward, our shared commitment is to further and further decentralize grants allocation. In Milestone 1B(ridge), we will be showing that by leveraging the support of the board and the community to make decisions about grants allocators and grants selections.

Quoted from thedevanshmehta

I would still like a clear answer as to how this grant is different from just being an experiments domain on QB, and whether there is any scope of some sort of merger between both programs down the road.

jump to post →

We are are approaching grants making differently from QuestBook and others. We are seeking to master the art of efficient, valuable pluralistic grants giving at scale. We are agnostic about the allocator and allocation methodology - as long as it drives value, efficiency, and scale.

Questbook is an example of a grants allocator that we would allocate funds through - and we have in the past. We value Questbook's contributions to the ecosystem and we believe in their path forward. We will surely continue to work together in the future, but there are no talks of merging.

Quoted from thedevanshmehta

This proposal has my full support.

jump to post →

Thanks for your support and for your great questions! - Daniel

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100

posted 2 years ago

Hi @Immutablelawyer, it's nice to meet you, and thanks for your thoughtful reply.

Quoted from Immutablelawyer

I do think that this is a good approach to finalise pending mandate-points from Tenure [1] while still ensuring that the Program can proceed and continue providing value to the Ecosystem (on this point re. value-add, I do not think that there are any arguments).

2

97

Read More

Hi @Immutablelawyer, it's nice to meet you, and thanks for your thoughtful reply.

Quoted from Immutablelawyer

I do think that this is a good approach to finalise pending mandate-points from Tenure [1] while still ensuring that the Program can proceed and continue providing value to the Ecosystem (on this point re. value-add, I do not think that there are any arguments).

jump to post →

We really appreciate that you see the value we've created, and we're excited to build on that value while also shoring up areas where we can improve.

Quoted from Immutablelawyer

I’d like to see from PL is more operational excellence i.e. :

Proper accounting; and
Proper onoging visibility of Grants Funded, Stage/Milestone reached, Recipients etc.

jump to post →

Yes. To address these needs, we brought on Ben, who ran GitCoin grants rounds for the last few years, and who has an extensive operational background. Additionally, we've brought on Kyler, from the DAO Research Collective, and Scott from Complex Labs and Flexa, to add additional muscle.

Quoted from Immutablelawyer

In addition, given the nascent nature of the Pluralistic ideology, I think the inclusion of a knowledgeable advisory board to serve as an ongoing supervisor of sorts on what the Program is achieving/what the Program can improve is a great addition.

jump to post →

Agreed. This board has enormous experience, expertise, and passion for Arbitrum. They will help us. We have high expectations for ourselves, and we want to be held to their high standards for our work together.

Quoted from Immutablelawyer

As a further aside, I would also like to applaud PL for taking on all the feedback provided throughout the past few weeks!

jump to post →

Thank you. Our perspective is that we're stronger together. Hard feedback makes us better. We appreciate your trust and belief in us to hear it and to use it to be better.

Quoted from Immutablelawyer

My only suggestion here would be to add a compensation to these members. I feel that a compensation is always merited in a case where responsibility/obligation is being undertaken. Plus, the DAO would have an expectation on the part of the advisors for such advisors to perform and perform their function if a compensation is attached.

jump to post →

Great point. We will bring it up for consideration in future board meetings.

Quoted from Immutablelawyer

Aside from the above, I look forward to seeing the proposal move forward.

jump to post →

Thank you. And thanks again for your feedback and suggestions.

2

97

posted 2 years ago

Hi thedevanshmehta,

Thanks for your comment and support. We appreciate your contributions to the DAO through the Treasury and Sustainability Firestarter, and we're excited to see where it goes. I am Daniel, cofounder of ThriveCoin, and I'm happy to address your feedback and questions:

2

100

Read More

Hi thedevanshmehta,

Thanks for your comment and support. We appreciate your contributions to the DAO through the Treasury and Sustainability Firestarter, and we're excited to see where it goes. I am Daniel, cofounder of ThriveCoin, and I'm happy to address your feedback and questions:

Quoted from thedevanshmehta

I particularly like the present proposal as it has both a bottom-up pluralist framework empowering individual contributors to step up even if they have no entity or team behind them, and a top-down council comprising key decision makers in Arbitrum. This proposal has my full support.

jump to post →

Thank you. That means a lot to us.

Quoted from thedevanshmehta

Bridge 1b is asking for a 2x increase compared to 1a as the price of ARB has ~ doubled. May we know where the additional funds will be deployed? Would it be paying grantees/PL staff the same ARB rate as earlier, hiring additional staff, deploying more to evaluations or some other purpose?

jump to post →

The price of ARB was $1.82 when I last looked today. When milestone 1a was passed, the price of ARB was $1.16. That's a 56% increase currently. In the last few days that number has dipped lower - and we have yet to see the impact on price of a succession of soon-to-come large unlocks.

Given the obvious volatility of ARB, the PL team spoke with a number of delegates about the fairest way to do this bridge. The most common answer was what you probably expect: keep prices in ARB, and keep amounts the same. It make it easy on everyone and feels fair. So that's what we did.

Quoted from thedevanshmehta

I have seen some discussion in our Telegram groups that... Joe [i]s the domain allocator.

jump to post →

While Joe was the most visible program manager on Telegram chats (which may be why that perception exists), he was not the main domain allocator. In the first deployment, there were 12 programs selected as allocators. Joe was the program manager for 2 of them, which is just 16.6%

Going forward, our shared commitment is to further and further decentralize grants allocation. In Milestone 1B(ridge), we will be showing that by leveraging the support of the board and the community to make decisions about grants allocators and grants selections.

Quoted from thedevanshmehta

I would still like a clear answer as to how this grant is different from just being an experiments domain on QB, and whether there is any scope of some sort of merger between both programs down the road.

jump to post →

We are are approaching grants making differently from QuestBook and others. We are seeking to master the art of efficient, valuable pluralistic grants giving at scale. We are agnostic about the allocator and allocation methodology - as long as it drives value, efficiency, and scale.

Questbook is an example of a grants allocator that we would allocate funds through - and we have in the past. We value Questbook's contributions to the ecosystem and we believe in their path forward. We will surely continue to work together in the future, but there are no talks of merging.

Quoted from thedevanshmehta

This proposal has my full support.

jump to post →

Thanks for your support and for your great questions! - Daniel

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AbdullahUmar from uniswap-dao.eth

posted 2 years ago

@juanbug and I have posted our perspective below on behalf of the Uniswap DAO’s Arbitrum governance team (UADP).

We voted FOR this proposal. The UADP is excited to see the maturation of Plurality Labs from its acquisition by ThriveCoin. The Plurality team should now have more bandwidth to address some of the issues that they previously ran into, such as communications.

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@juanbug and I have posted our perspective below on behalf of the Uniswap DAO’s Arbitrum governance team (UADP).

We voted FOR this proposal. The UADP is excited to see the maturation of Plurality Labs from its acquisition by ThriveCoin. The Plurality team should now have more bandwidth to address some of the issues that they previously ran into, such as communications.

“We funded 250+ projects, and spurred movement all over the DAO. But we didn’t document our work and value well”

“Our bias was for action. We cared about creating value and learning - and put blinders on for everything else. We should have hired a Marketing or Comms person.”

“There seems to be wide agreement that we created value but need to scale, document, and showcase.”

One of the most important aspects of any grant program, working group, or sub-DAO is relaying information to the stakeholder who initially entrusted you with a particular task and set of capital. In this instance, we are appreciative of Plurality’s work and effort that has gone into providing resources for numerous projects.

Another aspect that we’re fans of is the funding of grant programs upon reaching particular milestones. This will allow for funds to be disseminated in a more calculated manner–it’s important to double down on the success stories and move on from defunct projects. As mentioned by a couple of other folks, we would like to see some general KPIs implemented for tracking the continual progression of a project–these can be a mix of both qualitative and quantitative metrics. They can also be done on an ad hoc basis since each grant may be unique.

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mcfly from 0xmcfly.eth

posted 2 years ago

Quoted from thrivegiraffe

soon-to-come large unlocks

jump to post →

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59

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Quoted from thrivegiraffe

soon-to-come large unlocks

jump to post →

On behalf of the Arbitrum delegates who entrusted their voting power to me and the answers provided by @DisruptionJoe, I'm voting FOR the proposed funding of Plurality Labs Milestone 1B(ridge) program on Tally.

Thank you, @DisruptionJoe, for your prompt and detailed reply to my concerns regarding the ARB amount requested in the Milestone 1B(ridge) proposal. Your explanation, along with the insight provided by @thrivegiraffe, has clarified the rationale behind keeping the requested amount in ARB terms rather than adjusting for the current USD value.

I acknowledge the uncertainty surrounding ARB price volatility, especially considering the upcoming token unlocks. Given this context, I agree that denominating the proposal in ARB terms is a fair approach, as it simplifies the process for everyone involved.

Moreover, I appreciate the transparency in rolling over the unspent portion of Milestone 1 into the Tally request for Milestone 1B(ridge). The fact that the allocation fund is controlled by a 4/6 multisig with delegates and only 2 Plurality Labs team members adds an additional layer of trust and security to the process.

Once again, thank you for addressing my questions and providing a clear explanation of the decision-making process behind the proposal. I believe that the Plurality Labs team has demonstrated their commitment to the Arbitrum ecosystem and their willingness to adapt to community feedback. As such, I am confident in casting my vote in favor of the Milestone 1B(ridge) funding proposal.

I look forward to seeing the continued progress and positive impact of the pluralistic grants framework on the Arbitrum ecosystem.

AbdullahUmar from uniswap-dao.eth

posted 2 years ago

@juanbug and I have posted our perspective below on behalf of the Uniswap DAO’s Arbitrum governance team (UADP).

We voted FOR this proposal. The UADP is excited to see the maturation of Plurality Labs from its acquisition by ThriveCoin. The Plurality team should now have more bandwidth to address some of the issues that they previously ran into, such as communications.

6

67

Read More

@juanbug and I have posted our perspective below on behalf of the Uniswap DAO’s Arbitrum governance team (UADP).

We voted FOR this proposal. The UADP is excited to see the maturation of Plurality Labs from its acquisition by ThriveCoin. The Plurality team should now have more bandwidth to address some of the issues that they previously ran into, such as communications.

“We funded 250+ projects, and spurred movement all over the DAO. But we didn’t document our work and value well”

“Our bias was for action. We cared about creating value and learning - and put blinders on for everything else. We should have hired a Marketing or Comms person.”

“There seems to be wide agreement that we created value but need to scale, document, and showcase.”

One of the most important aspects of any grant program, working group, or sub-DAO is relaying information to the stakeholder who initially entrusted you with a particular task and set of capital. In this instance, we are appreciative of Plurality’s work and effort that has gone into providing resources for numerous projects.

Another aspect that we’re fans of is the funding of grant programs upon reaching particular milestones. This will allow for funds to be disseminated in a more calculated manner–it’s important to double down on the success stories and move on from defunct projects. As mentioned by a couple of other folks, we would like to see some general KPIs implemented for tracking the continual progression of a project–these can be a mix of both qualitative and quantitative metrics. They can also be done on an ad hoc basis since each grant may be unique.

6

67

mcfly from 0xmcfly.eth

posted 2 years ago

Quoted from thrivegiraffe

soon-to-come large unlocks

jump to post →

4

59

Read More

Quoted from thrivegiraffe

soon-to-come large unlocks

jump to post →

On behalf of the Arbitrum delegates who entrusted their voting power to me and the answers provided by @DisruptionJoe, I'm voting FOR the proposed funding of Plurality Labs Milestone 1B(ridge) program on Tally.

Thank you, @DisruptionJoe, for your prompt and detailed reply to my concerns regarding the ARB amount requested in the Milestone 1B(ridge) proposal. Your explanation, along with the insight provided by @thrivegiraffe, has clarified the rationale behind keeping the requested amount in ARB terms rather than adjusting for the current USD value.

I acknowledge the uncertainty surrounding ARB price volatility, especially considering the upcoming token unlocks. Given this context, I agree that denominating the proposal in ARB terms is a fair approach, as it simplifies the process for everyone involved.

Moreover, I appreciate the transparency in rolling over the unspent portion of Milestone 1 into the Tally request for Milestone 1B(ridge). The fact that the allocation fund is controlled by a 4/6 multisig with delegates and only 2 Plurality Labs team members adds an additional layer of trust and security to the process.

Once again, thank you for addressing my questions and providing a clear explanation of the decision-making process behind the proposal. I believe that the Plurality Labs team has demonstrated their commitment to the Arbitrum ecosystem and their willingness to adapt to community feedback. As such, I am confident in casting my vote in favor of the Milestone 1B(ridge) funding proposal.

I look forward to seeing the continued progress and positive impact of the pluralistic grants framework on the Arbitrum ecosystem.

Quoted from mcfly

Thank you for the detailed proposal regarding Milestone 1b(ridge) of your pluralistic grants framework. It’s clear you’ve put a lot of thought into the plan and have taken steps to address feedback from the community.

jump to post →

We definitely put a lot of work into the reworking of our proposal into this simple format which responds to the requests from the delegates and communities.

Quoted from mcfly

Was this an intentional choice to increase the USD value of the funding to expand the scope of this phase?

jump to post →

Everything was denominated in ARB in milestone 1.

Quoted from mcfly

Or was it an oversight in not adjusting the amount to maintain a similar USD value as the original proposal?

jump to post →

Because everything was denominated in ARB, it was not an oversight. However, if you would prefer to denominate in $$$, @thrivegiraffe has a clear explanation of the issue to avoid.

Quoted from thrivegiraffe

The price of ARB was $1.82 when I last looked today. When milestone 1a was passed, the price of ARB was $1.16. That’s a 56% increase currently. In the last few days that number has dipped lower - and we have yet to see the impact on price of a succession of soon-to-come large unlocks.

Given the obvious volatility of ARB, the PL team spoke with a number of delegates about the fairest way to do this bridge. The most common answer was what you probably expect: keep prices in ARB, and keep amounts the same. It make it easy on everyone and feels fair. So that’s what we did.

jump to post →

Lastly, you will see that the unspent part of Milestone 1 was rolled over into the Tally request. This is why Tally is sending 2,846,000 ARB to the PL-ARB Grant Safety Multisig. The allocation fund portion - all but our service charge (even this is sent over the course of the deployment) - is controlled by a 4/6 multisig with delegates and only 2 Plurality Labs team members.

Quoted from mcfly

Your work on the pluralistic grants framework is much appreciated and I look forward to seeing how Milestone 1b progresses.

jump to post →

I really appreciate your acknowledgement!

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@krst - thanks to you and @Sinkas. Thanks for the coaching, thanks for the feedback, and thanks for pushing all of us to do better. We appreciate all that you do for the DAO and thank you very much for joining us on the Board. We recognize that serving on the board drives you to abstain in this vote, but we appreciate the support!

Quoted from krst

we’re overall supportive of the proposal and looking forward to what the outcome will be.

jump to post →

. The support from @SavvyDAO means a lot to us, thank you. We are dedicated to decentralization and to running the experiments needed so we can scale for value... this is exciting stuff!

Quoted from SavvyDAO

The Savvy DeFi DAO’s Arbitrum Council has decisively voted FOR this proposal.

Having closely followed the evolution of this proposal, we appreciate Plurality Labs’ steadfast dedication to the decentralization of grant decision-making.

jump to post →

. @WinVerse thanks for the comments and the support. We are really happy with the feedback from the delegates and think we are in a stronger position than ever to deliver value and scale.

Quoted from WinVerse

DAOStewards voted in favor of this proposal.

We appreciate the work PL has been doing; drafting the 1B(ridge) proposal to address delegates’ concerns is great.

jump to post →

To your point regarding compensation of the board - we agree. The board represents the highest context members of the DAO and real grant expertise and they should be compensated. We suspect that will hit the agenda shortly.

LAST CHANCE TO VOTE ON SNAPSHOT! The vote closes in ~8 hours - if you have not cast your vote yet - take a moment and participate in DAO Governance: https://snapshot.org/#/arbitrumfoundation.eth/proposal/0x24344ab10eb905a4d7fa5885c6f681290e765a08a5f558ff6cfc5fedab42afb6

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Quoted from 404DAO

404 DAO appreciates Plurality Labs/Joe’s efforts in Milestone 1 as well as the work that was put into crafting this bridge proposal to address the concerns previously raised by governance.

jump to post →

Thanks for the kind words and your overall support.

Quoted from 404DAO

There is currently still 1,553,079.3 ARB in the multisig used for Milestone 1. As @krst pointed out on January 30th in L2Beat’s response to the Milestone 1 report, there was at that time ~1.9m ARB in the multisig with 1.535m allocated but not yet distributed. And in the January report it was stated that 1.307m ARB was allocated but not yet paid out.

jump to post →

Due to the delayed start of many programs, we have many still operating. At the end of January, we decided to "right size" any running programs and made the decision to end others. This is why the allocated amount changed relative to the amount not yet paid out.

Our February financial report - to be shared next week - has us at 1.14 million ARB yet to be paid out and 514k ARB unallocated after the right sizing of all programs. This amount will be deducted from the Tally request and rolled into Milestone 2.

Quoted from 404DAO

We would like to see where these remaining funds are allocated to and any updated timelines that the DAO can expect for these Milestone 1 programs to conclude.

jump to post →

Here is the update on programs shared at our board meeting. (@BenWest will be sharing the board details including the charter in a separate thread)

Thanks ARB Board Agenda - March 5th 2024|690x388

I think Daniel covered the info about the Thrive team. Let us know if there is anything unanswered here.

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cattin from cattin.seedlatam.eth

posted 2 years ago

The @SEEDLatam delegation has decided to vote FOR this proposal at the Temperature Check

Rationale

We believe it's important that the DAO keep pushing for grant programs that aim to efficiently distribute funds for grants at scale, which is why we appreciate the effort put into drafting this proposal and giving it another shot.

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The @SEEDLatam delegation has decided to vote FOR this proposal at the Temperature Check

Rationale

We believe it's important that the DAO keep pushing for grant programs that aim to efficiently distribute funds for grants at scale, which is why we appreciate the effort put into drafting this proposal and giving it another shot.

However, I do want to state that we do want to see quantifiable objectives for this proposal before it goes to Tally, these are not quantifiable objectives

Quoted from thrivegiraffe

Here are the quantifiable objectives for Milestone 1B(ridge), along with further detail:

Double-down on winners and cut underperformers across our grants allocations (e.g. show that we can quantifiably increase value and efficiency over time).
Drive experimentation with new grants allocations (e.g. demonstrate that we can continue to attract, fund, and drive value with top talent and powerful experiments).
Deliver all deliverables for Milestone 1 to the satisfaction of top delegates (e.g. button up, improve reporting, close the loop, quantify).
Leverage our tech and systems to support further scale (e.g. use ThriveCoin and Thrive Protocol to validate and fund grants at value creation, and demonstrate readiness for scale).

jump to post →

I understand it's a very difficult task to do so, especially since this program is, as its name states, "pluralistic." Having specific KPIs might be complicated, but I think that since the idea is going to be to double down on winners, we could have KPIs based on the winners from milestone 1a so that we can effectively determine what programs are working and which aren't.

Quoted from DisruptionJoe

Some wins from Milestone 1a include:

Firestarters: Four proposals passed Snapshot because of our Firestarters program - which funds unbiased research, cat herding, and crafting of proposals crucial to the DAO. These include STIP, ARDC, ARPC, and STEP. (TNorm talking about our role with STIP )
Experimenting with Grants Decision-Making Modalities: We drove over 30 experiments in collective decision-making, including proactive and retroactive grant-making, and grant-making driven by experts, expert-counsels, permissionless counsels, random counsels, and direct input mechanisms.
Retroactive Grants: We drove the first retroactive grants program in Arbitrum, rewarding unpaid contributors, and setting the stage for follow-on experiments. Some of these people are creating obvious value in the ecosystem now, like Atom from castlecap who is now an LTIPP advisor.
Quadratic Funding: Via Gitcoin, we brought thousands of new users, and hundreds of builders and builder projects to the Arbitrum ecosystem.

back to top ↑

That being said, I'm excited to see the progress that the team made since the start of the program and the effort put into improving this first milestone.

DisruptionJoe from disruptionjoe.eth

posted 2 years ago

Thanks for your support, Bob! I appreciate you noticing our flexibility and our dedication.

Quoted from Bob-Rossi

I probably hadn’t realized it at the time, but in hindsight communication could have been better and it looks like that is being addressed. Question here: may just be my reading comprehension, but from below — so for sure there will be a specific person hired for a Comms role?

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Thanks for your support, Bob! I appreciate you noticing our flexibility and our dedication.

Quoted from Bob-Rossi

I probably hadn’t realized it at the time, but in hindsight communication could have been better and it looks like that is being addressed. Question here: may just be my reading comprehension, but from below — so for sure there will be a specific person hired for a Comms role?

jump to post →

Yes. We are planning to hire a communications specialist dedicated to Arbitrum. On the Thrive team, we hired a Executive level marketing pro, but we are waiting for the Arbitrum proposal to pass before hiring the dedicated talent. This is great because they will have the support of the Thrivecoin pro when we do hire them!

Quoted from Bob-Rossi

ThriveCoin - If it was in an earlier post I apologize, but is there any place to get info on them? Mostly out of curiosity, but also it seems they will be a big part of Milestone 1B. i.e. - I saw reference to their “best practices” a few times as well as bringing their expertiese to this project. I think it would be good for delegates to get a feel for the methodologies and vibes of that team, or if there is a brief summary of some of the other projects they’ve worked on.

jump to post →

The best place to get a feel for how much of an impact Thrive has had on other communities is here: https://forum.apecoin.com/t/aip-379-thank-ape-phase-ii-amplifying-a-movement/20324/18

We were open to partnering because of a shared ethos and similarity in vision of where the puck is going. Decentralized validation by humans in a way that can be trusted is key to impact measurement, outcome evaluation, and survey legitimacy. These are needed components of a Pluralist funding framework.

We will likely run one program using Thrive to review all grants. We may also do some others which will utilize their best practices from other deployments. However, the dedicated team here will also continue guiding the experimental use of any funding mechanism which has unique value and potential to scale. Plus, the board will have oversight and right to veto the selection of these programs.

Quoted from Bob-Rossi

All in all, I will be voting “For” this proposal as it currently stands. I trust PL based on their track record with the DAO and the members on the team. As well as it’s clear that while Milestone 1a wasn’t perfect (nothing ever is!), the team is looking to evolve and improve the process — which ultimately is the purpose of funding these endeavors. I’m looking forward to continued success.

jump to post →

We will clean up the work of the first milestone and make it absolutely clear how our program creates outsized value for its cost!

404DAO from axianetwork.eth

posted 2 years ago

404 DAO appreciates Plurality Labs/Joe’s efforts in Milestone 1 as well as the work that was put into crafting this bridge proposal to address the concerns previously raised by governance.

In reviewing the work done in Milestone 1 and the subsequent reports provided by the Plurality Labs team, we identified a few questions that we ask the PL or ThriveCoin team to answer:

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404 DAO appreciates Plurality Labs/Joe’s efforts in Milestone 1 as well as the work that was put into crafting this bridge proposal to address the concerns previously raised by governance.

In reviewing the work done in Milestone 1 and the subsequent reports provided by the Plurality Labs team, we identified a few questions that we ask the PL or ThriveCoin team to answer:

There is currently still 1,553,079.3 ARB in the multisig used for Milestone 1. As @krst pointed out on January 30th in L2Beat’s response to the Milestone 1 report, there was at that time ~1.9m ARB in the multisig with 1.535m allocated but not yet distributed. And in the January report it was stated that 1.307m ARB was allocated but not yet paid out.

We can see that funds are still being sent out on approximately a weekly cadence, but can you please clarify if this dashboard is up to date? We would like to see where these remaining funds are allocated to and any updated timelines that the DAO can expect for these Milestone 1 programs to conclude.
Is there an update on the responsibility of the Board and the creation of a Charter, as you alluded to here? Primarily, we are interested to learn how the board will hold Plurality Labs accountable for the original deliverables stated in AIP-3.
Questions regarding ThriveCoin and its involvement in Milestone 1b:

a. Can you tell us more about the qualifications of the ThriveCoin team members that will be assisting Plurality Labs in Milestone 1b?

b. Additionally can you please expand on the extent of their responsibilities or the resources provided that will help ensure Milestone 1b does not replicate the shortcomings of Milestone 1?

c. Can you provide more details on which tools & technologies you plan to use in Milestone 1b? Are any of these owned by ThriveCoin (e.g, ThankArb, which was used in GovMonth, is a ThriveCoin product)

d. Are you able to provide links to ThriveCoin’s Github or Docs? We struggled to find any technical or detailed explanation of ThriveCoin’s products.

Thank you again for your time and effort to create a pluralistic grants framework in Arbitrum! We look forward to your responses to our questions.

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maxlomu from maxlomu.eth

posted 2 years ago

edited 2 years ago

gm, thanks Joe and the PL team for the effort put into compiling Milestone 1B. As I mentioned in the past, I am supportive of the Pluralistic vision and see the "program of grant programs" as an essential evolution for a DAO.

Following the discussion on Milestone 1's outcomes, this latest proposal has left me with some points to clarify.. I echo @MinistroDolar that the outlined objectives for Milestone 1B seem more like broad intentions rather than the quantifiable goals we should be aiming for.

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gm, thanks Joe and the PL team for the effort put into compiling Milestone 1B. As I mentioned in the past, I am supportive of the Pluralistic vision and see the "program of grant programs" as an essential evolution for a DAO.

Following the discussion on Milestone 1's outcomes, this latest proposal has left me with some points to clarify.. I echo @MinistroDolar that the outlined objectives for Milestone 1B seem more like broad intentions rather than the quantifiable goals we should be aiming for.

Quoted from thrivegiraffe

Here are the quantifiable objectives for Milestone 1B(ridge), along with further detail:

Double-down on winners and cut underperformers across our grants allocations (e.g. show that we can quantifiably increase value and efficiency over time).
Drive experimentation with new grants allocations (e.g. demonstrate that we can continue to attract, fund, and drive value with top talent and powerful experiments).
Deliver all deliverables for Milestone 1 to the satisfaction of top delegates (e.g. button up, improve reporting, close the loop, quantify).
Leverage our tech and systems to support further scale (e.g. use ThriveCoin and Thrive Protocol to validate and fund grants at value creation, and demonstrate readiness for scale).

jump to post →

While these directions are valuable, perhaps incorporating specific, measurable KPIs could help in holding the program accountable and ensuring alignment.

Quoted from DisruptionJoe

In our maiden proposal, the principal outcome we sought to achieve was to demonstrate that we could deliver and scale enormous value creation via a pluralistic grants framework. The general feedback from delegates has been: kind of…

back to top ↑

Having seen the feedback from other delegates on the previous proposal, the challenge seems to lie in quantifying the value creation before the start of Milestone 2.

I think this extension would be effective if these points are clarified - otherwise, we might find ourselves in the same situation in 6 months.

EDIT: I voted in favor of this proposal - I trust the PL team they will deliver on these short term objectives and excited for the next phase. We'll be keeping a close eye on their reporting dashboard to monitor the progress.

@krst - thanks to you and @Sinkas. Thanks for the coaching, thanks for the feedback, and thanks for pushing all of us to do better. We appreciate all that you do for the DAO and thank you very much for joining us on the Board. We recognize that serving on the board drives you to abstain in this vote, but we appreciate the support!

Quoted from krst

we’re overall supportive of the proposal and looking forward to what the outcome will be.

jump to post →

. The support from @SavvyDAO means a lot to us, thank you. We are dedicated to decentralization and to running the experiments needed so we can scale for value... this is exciting stuff!

Quoted from SavvyDAO

The Savvy DeFi DAO’s Arbitrum Council has decisively voted FOR this proposal.

Having closely followed the evolution of this proposal, we appreciate Plurality Labs’ steadfast dedication to the decentralization of grant decision-making.

jump to post →

. @WinVerse thanks for the comments and the support. We are really happy with the feedback from the delegates and think we are in a stronger position than ever to deliver value and scale.

Quoted from WinVerse

DAOStewards voted in favor of this proposal.

We appreciate the work PL has been doing; drafting the 1B(ridge) proposal to address delegates’ concerns is great.

jump to post →

To your point regarding compensation of the board - we agree. The board represents the highest context members of the DAO and real grant expertise and they should be compensated. We suspect that will hit the agenda shortly.

LAST CHANCE TO VOTE ON SNAPSHOT! The vote closes in ~8 hours - if you have not cast your vote yet - take a moment and participate in DAO Governance: https://snapshot.org/#/arbitrumfoundation.eth/proposal/0x24344ab10eb905a4d7fa5885c6f681290e765a08a5f558ff6cfc5fedab42afb6

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Quoted from 404DAO

404 DAO appreciates Plurality Labs/Joe’s efforts in Milestone 1 as well as the work that was put into crafting this bridge proposal to address the concerns previously raised by governance.

jump to post →

Thanks for the kind words and your overall support.

Quoted from 404DAO

There is currently still 1,553,079.3 ARB in the multisig used for Milestone 1. As @krst pointed out on January 30th in L2Beat’s response to the Milestone 1 report, there was at that time ~1.9m ARB in the multisig with 1.535m allocated but not yet distributed. And in the January report it was stated that 1.307m ARB was allocated but not yet paid out.

jump to post →

Due to the delayed start of many programs, we have many still operating. At the end of January, we decided to "right size" any running programs and made the decision to end others. This is why the allocated amount changed relative to the amount not yet paid out.

Our February financial report - to be shared next week - has us at 1.14 million ARB yet to be paid out and 514k ARB unallocated after the right sizing of all programs. This amount will be deducted from the Tally request and rolled into Milestone 2.

Quoted from 404DAO

We would like to see where these remaining funds are allocated to and any updated timelines that the DAO can expect for these Milestone 1 programs to conclude.

jump to post →

Here is the update on programs shared at our board meeting. (@BenWest will be sharing the board details including the charter in a separate thread)

Thanks ARB Board Agenda - March 5th 2024|690x388

I think Daniel covered the info about the Thrive team. Let us know if there is anything unanswered here.

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68

DisruptionJoe from disruptionjoe.eth

posted 2 years ago

Thanks for your support, Bob! I appreciate you noticing our flexibility and our dedication.

Quoted from Bob-Rossi

I probably hadn’t realized it at the time, but in hindsight communication could have been better and it looks like that is being addressed. Question here: may just be my reading comprehension, but from below — so for sure there will be a specific person hired for a Comms role?

4

71

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Thanks for your support, Bob! I appreciate you noticing our flexibility and our dedication.

Quoted from Bob-Rossi

I probably hadn’t realized it at the time, but in hindsight communication could have been better and it looks like that is being addressed. Question here: may just be my reading comprehension, but from below — so for sure there will be a specific person hired for a Comms role?

jump to post →

Yes. We are planning to hire a communications specialist dedicated to Arbitrum. On the Thrive team, we hired a Executive level marketing pro, but we are waiting for the Arbitrum proposal to pass before hiring the dedicated talent. This is great because they will have the support of the Thrivecoin pro when we do hire them!

Quoted from Bob-Rossi

ThriveCoin - If it was in an earlier post I apologize, but is there any place to get info on them? Mostly out of curiosity, but also it seems they will be a big part of Milestone 1B. i.e. - I saw reference to their “best practices” a few times as well as bringing their expertiese to this project. I think it would be good for delegates to get a feel for the methodologies and vibes of that team, or if there is a brief summary of some of the other projects they’ve worked on.

jump to post →

The best place to get a feel for how much of an impact Thrive has had on other communities is here: https://forum.apecoin.com/t/aip-379-thank-ape-phase-ii-amplifying-a-movement/20324/18

We were open to partnering because of a shared ethos and similarity in vision of where the puck is going. Decentralized validation by humans in a way that can be trusted is key to impact measurement, outcome evaluation, and survey legitimacy. These are needed components of a Pluralist funding framework.

We will likely run one program using Thrive to review all grants. We may also do some others which will utilize their best practices from other deployments. However, the dedicated team here will also continue guiding the experimental use of any funding mechanism which has unique value and potential to scale. Plus, the board will have oversight and right to veto the selection of these programs.

Quoted from Bob-Rossi

All in all, I will be voting “For” this proposal as it currently stands. I trust PL based on their track record with the DAO and the members on the team. As well as it’s clear that while Milestone 1a wasn’t perfect (nothing ever is!), the team is looking to evolve and improve the process — which ultimately is the purpose of funding these endeavors. I’m looking forward to continued success.

jump to post →

We will clean up the work of the first milestone and make it absolutely clear how our program creates outsized value for its cost!

404DAO from axianetwork.eth

posted 2 years ago

404 DAO appreciates Plurality Labs/Joe’s efforts in Milestone 1 as well as the work that was put into crafting this bridge proposal to address the concerns previously raised by governance.

In reviewing the work done in Milestone 1 and the subsequent reports provided by the Plurality Labs team, we identified a few questions that we ask the PL or ThriveCoin team to answer:

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72

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404 DAO appreciates Plurality Labs/Joe’s efforts in Milestone 1 as well as the work that was put into crafting this bridge proposal to address the concerns previously raised by governance.

In reviewing the work done in Milestone 1 and the subsequent reports provided by the Plurality Labs team, we identified a few questions that we ask the PL or ThriveCoin team to answer:

There is currently still 1,553,079.3 ARB in the multisig used for Milestone 1. As @krst pointed out on January 30th in L2Beat’s response to the Milestone 1 report, there was at that time ~1.9m ARB in the multisig with 1.535m allocated but not yet distributed. And in the January report it was stated that 1.307m ARB was allocated but not yet paid out.

We can see that funds are still being sent out on approximately a weekly cadence, but can you please clarify if this dashboard is up to date? We would like to see where these remaining funds are allocated to and any updated timelines that the DAO can expect for these Milestone 1 programs to conclude.
Is there an update on the responsibility of the Board and the creation of a Charter, as you alluded to here? Primarily, we are interested to learn how the board will hold Plurality Labs accountable for the original deliverables stated in AIP-3.
Questions regarding ThriveCoin and its involvement in Milestone 1b:

a. Can you tell us more about the qualifications of the ThriveCoin team members that will be assisting Plurality Labs in Milestone 1b?

b. Additionally can you please expand on the extent of their responsibilities or the resources provided that will help ensure Milestone 1b does not replicate the shortcomings of Milestone 1?

c. Can you provide more details on which tools & technologies you plan to use in Milestone 1b? Are any of these owned by ThriveCoin (e.g, ThankArb, which was used in GovMonth, is a ThriveCoin product)

d. Are you able to provide links to ThriveCoin’s Github or Docs? We struggled to find any technical or detailed explanation of ThriveCoin’s products.

Thank you again for your time and effort to create a pluralistic grants framework in Arbitrum! We look forward to your responses to our questions.

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maxlomu from maxlomu.eth

posted 2 years ago

edited 2 years ago

gm, thanks Joe and the PL team for the effort put into compiling Milestone 1B. As I mentioned in the past, I am supportive of the Pluralistic vision and see the "program of grant programs" as an essential evolution for a DAO.

Following the discussion on Milestone 1's outcomes, this latest proposal has left me with some points to clarify.. I echo @MinistroDolar that the outlined objectives for Milestone 1B seem more like broad intentions rather than the quantifiable goals we should be aiming for.

6

79

Read More

gm, thanks Joe and the PL team for the effort put into compiling Milestone 1B. As I mentioned in the past, I am supportive of the Pluralistic vision and see the "program of grant programs" as an essential evolution for a DAO.

Following the discussion on Milestone 1's outcomes, this latest proposal has left me with some points to clarify.. I echo @MinistroDolar that the outlined objectives for Milestone 1B seem more like broad intentions rather than the quantifiable goals we should be aiming for.

Quoted from thrivegiraffe

Here are the quantifiable objectives for Milestone 1B(ridge), along with further detail:

Double-down on winners and cut underperformers across our grants allocations (e.g. show that we can quantifiably increase value and efficiency over time).
Drive experimentation with new grants allocations (e.g. demonstrate that we can continue to attract, fund, and drive value with top talent and powerful experiments).
Deliver all deliverables for Milestone 1 to the satisfaction of top delegates (e.g. button up, improve reporting, close the loop, quantify).
Leverage our tech and systems to support further scale (e.g. use ThriveCoin and Thrive Protocol to validate and fund grants at value creation, and demonstrate readiness for scale).

jump to post →

While these directions are valuable, perhaps incorporating specific, measurable KPIs could help in holding the program accountable and ensuring alignment.

Quoted from DisruptionJoe

In our maiden proposal, the principal outcome we sought to achieve was to demonstrate that we could deliver and scale enormous value creation via a pluralistic grants framework. The general feedback from delegates has been: kind of…

back to top ↑

Having seen the feedback from other delegates on the previous proposal, the challenge seems to lie in quantifying the value creation before the start of Milestone 2.

I think this extension would be effective if these points are clarified - otherwise, we might find ourselves in the same situation in 6 months.

EDIT: I voted in favor of this proposal - I trust the PL team they will deliver on these short term objectives and excited for the next phase. We'll be keeping a close eye on their reporting dashboard to monitor the progress.

I am glad to see Plurality Labs is moving forward with the next phase of their program. It is clear that there has been a lot of thought put into this proposal and the willingness to be flexible to the DAOs requests is greatly appreciated. I also think PL fills an important role in Arbitrum's Grant space as an innovative and experimental program. I don't really have much to add that already hasn't already been asked / said. I'll just make a few quick points / thoughts.

It's clear that PL has learned from milestone 1a and I'm very glad to see reflection and improvement upon any shortcomings. I probably hadn't realized it at the time, but in hindsight communication could have been better and it looks like that is being addressed. Question here: may just be my reading comprehension, but from below --- so for sure there will be a specific person hired for a Comms role?

Investing in communications: Our bias was for action. We cared about creating value and learning - and put blinders on for everything else. We should have hired a Marketing or Comms person. We didn’t. Going forward, we’ll button up. We have a good story to tell. We’re excited to tell it.

The advisory board is an interesting idea and I'm curious to see how it plays out. I think it is something worth trying at this exploratory stage.

ThriveCoin - If it was in an earlier post I apologize, but is there any place to get info on them? Mostly out of curiosity, but also it seems they will be a big part of Milestone 1B. i.e. - I saw reference to their "best practices" a few times as well as bringing their expertiese to this project. I think it would be good for delegates to get a feel for the methodologies and vibes of that team, or if there is a brief summary of some of the other projects they've worked on.

All in all, I will be voting "For" this proposal as it currently stands. I trust PL based on their track record with the DAO and the members on the team. As well as it's clear that while Milestone 1a wasn't perfect (nothing ever is!), the team is looking to evolve and improve the process --- which ultimately is the purpose of funding these endeavors. I'm looking forward to continued success.

Edit 3/17/24: In order to save thread space I will re-iterate here that I have voted "For" this proposal on Tally. My opinion since the snapshot remains the same and I appreciate that my questions above were addressed promptly by the Plurality Labs team. I have full confidence in this project and looking forward to seeing where 1B takes us!

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Quoted from Curia

After reviewing both the proposal and PluralityLab’s past contributions, we decided to support this initiative.

jump to post →

Hey @Curia Thanks very much for your for your support! And we really appreciate your feedback, we believe the more voices we get into this conversation - the better.

Quoted from Curia

The proposal’s enhancements and its focus on grant programs are very important for the DAO. We believe advancing this proposal is crucial for attracting more builders to Arbitrum, fostering innovation, and strengthening our ecosystem.

jump to post →

We are in 100% agreement here and we are committed (and invested in) the success of Arbitrum.

Quoted from Curia

Additionally, we think it would be beneficial that the team could provide reports on the performance of projects post-funding. This will make it easier for delegates to evaluate the impact and follow the progress of these grants.

jump to post →

Yes, in Milestone 1, we clearly recognize our communications on the program and project level needed some help. Here are some steps we put in place, and some thing that will help us get better in the milestone 1B:

We built a reporting site for grant programs and projects - here you can see all the programs and most of the 250+ projects funded by Plurality Labs.
We committed to monthly updates and progress reports - here is our January Report
We hired! Kyler formerly Operations Manager from the DAO Research Center is assisting and when this program passes, we will hire a Coms person to focused on Arbitrum Grants - communicating and reporting. We can't wait!

Thank you @Curia for your questions and for your support!

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Hey @maxlomu thanks for taking the time to respond, I know the delegates have their hands full atm and we really appreciate the attention to this proposal.

Quoted from maxlomu

As I mentioned in the past, I am supportive of the Pluralistic vision and see the “program of grant programs” as an essential evolution for a DAO.

jump to post →

Thanks - we agree the Pluralistic vision is key for decentralization - and that a series of grant programs can make that a reality.

Quoted from maxlomu

While these directions are valuable, perhaps incorporating specific, measurable KPIs could help in holding the program accountable and ensuring alignment.

jump to post →

Thanks for the question - and lets talk about the meta-issue: ensuring grant impact / value.
During a series of Grant Round operator discussions at ETHDenver this was the common theme, how to quantity grant value or impact. Although many agreed this was the next step in the maturing of web3 grant programs, there was no consensus on the best method or metrics. While there are quantifiable metrics that can be put in place (TVL, tx volume, users, builders, delegate sentiment, # of grants distributed, amount of innovation), the nuance in those metrics needs to be worked out. We expect this is going to be both a science and an art - and is exceptionally important work that we are committed to moving forward in Milestone 1B.

In our proposal - this work falls into two lines:

Quoted from DisruptionJoe

4. We can leverage better tech and systems to support further scale in Milestone 2.

back to top ↑

Quoted from DisruptionJoe

2.Human validations: Thrive Protocol allows us to validate when value is created, and pay out funds to projects upon value creation. This is critical for scale. We’ll use it.

back to top ↑

In Milestone 1B, we intend to work across web3 and (to some extent) explore how IRL grant programs manage this. As we invent / reapply methods, we will validate the work with the Board in order to establish a workable baseline for grant value/impact.

The ideal state: the ability to compare one grant program vs. another for relative value creation.

This is going to be really hard, but it's work that needs to be done. And thank you @maxlomu for the question and your work in Arbitrum.

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I am glad to see Plurality Labs is moving forward with the next phase of their program. It is clear that there has been a lot of thought put into this proposal and the willingness to be flexible to the DAOs requests is greatly appreciated. I also think PL fills an important role in Arbitrum's Grant space as an innovative and experimental program. I don't really have much to add that already hasn't already been asked / said. I'll just make a few quick points / thoughts.

It's clear that PL has learned from milestone 1a and I'm very glad to see reflection and improvement upon any shortcomings. I probably hadn't realized it at the time, but in hindsight communication could have been better and it looks like that is being addressed. Question here: may just be my reading comprehension, but from below --- so for sure there will be a specific person hired for a Comms role?

Investing in communications: Our bias was for action. We cared about creating value and learning - and put blinders on for everything else. We should have hired a Marketing or Comms person. We didn’t. Going forward, we’ll button up. We have a good story to tell. We’re excited to tell it.

The advisory board is an interesting idea and I'm curious to see how it plays out. I think it is something worth trying at this exploratory stage.

ThriveCoin - If it was in an earlier post I apologize, but is there any place to get info on them? Mostly out of curiosity, but also it seems they will be a big part of Milestone 1B. i.e. - I saw reference to their "best practices" a few times as well as bringing their expertiese to this project. I think it would be good for delegates to get a feel for the methodologies and vibes of that team, or if there is a brief summary of some of the other projects they've worked on.

All in all, I will be voting "For" this proposal as it currently stands. I trust PL based on their track record with the DAO and the members on the team. As well as it's clear that while Milestone 1a wasn't perfect (nothing ever is!), the team is looking to evolve and improve the process --- which ultimately is the purpose of funding these endeavors. I'm looking forward to continued success.

Edit 3/17/24: In order to save thread space I will re-iterate here that I have voted "For" this proposal on Tally. My opinion since the snapshot remains the same and I appreciate that my questions above were addressed promptly by the Plurality Labs team. I have full confidence in this project and looking forward to seeing where 1B takes us!

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Quoted from Curia

After reviewing both the proposal and PluralityLab’s past contributions, we decided to support this initiative.

jump to post →

Hey @Curia Thanks very much for your for your support! And we really appreciate your feedback, we believe the more voices we get into this conversation - the better.

Quoted from Curia

The proposal’s enhancements and its focus on grant programs are very important for the DAO. We believe advancing this proposal is crucial for attracting more builders to Arbitrum, fostering innovation, and strengthening our ecosystem.

jump to post →

We are in 100% agreement here and we are committed (and invested in) the success of Arbitrum.

Quoted from Curia

Additionally, we think it would be beneficial that the team could provide reports on the performance of projects post-funding. This will make it easier for delegates to evaluate the impact and follow the progress of these grants.

jump to post →

Yes, in Milestone 1, we clearly recognize our communications on the program and project level needed some help. Here are some steps we put in place, and some thing that will help us get better in the milestone 1B:

We built a reporting site for grant programs and projects - here you can see all the programs and most of the 250+ projects funded by Plurality Labs.
We committed to monthly updates and progress reports - here is our January Report
We hired! Kyler formerly Operations Manager from the DAO Research Center is assisting and when this program passes, we will hire a Coms person to focused on Arbitrum Grants - communicating and reporting. We can't wait!

Thank you @Curia for your questions and for your support!

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63

Hey @maxlomu thanks for taking the time to respond, I know the delegates have their hands full atm and we really appreciate the attention to this proposal.

Quoted from maxlomu

As I mentioned in the past, I am supportive of the Pluralistic vision and see the “program of grant programs” as an essential evolution for a DAO.

jump to post →

Thanks - we agree the Pluralistic vision is key for decentralization - and that a series of grant programs can make that a reality.

Quoted from maxlomu

While these directions are valuable, perhaps incorporating specific, measurable KPIs could help in holding the program accountable and ensuring alignment.

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Thanks for the question - and lets talk about the meta-issue: ensuring grant impact / value.
During a series of Grant Round operator discussions at ETHDenver this was the common theme, how to quantity grant value or impact. Although many agreed this was the next step in the maturing of web3 grant programs, there was no consensus on the best method or metrics. While there are quantifiable metrics that can be put in place (TVL, tx volume, users, builders, delegate sentiment, # of grants distributed, amount of innovation), the nuance in those metrics needs to be worked out. We expect this is going to be both a science and an art - and is exceptionally important work that we are committed to moving forward in Milestone 1B.

In our proposal - this work falls into two lines:

Quoted from DisruptionJoe

4. We can leverage better tech and systems to support further scale in Milestone 2.

back to top ↑

Quoted from DisruptionJoe

2.Human validations: Thrive Protocol allows us to validate when value is created, and pay out funds to projects upon value creation. This is critical for scale. We’ll use it.

back to top ↑

In Milestone 1B, we intend to work across web3 and (to some extent) explore how IRL grant programs manage this. As we invent / reapply methods, we will validate the work with the Board in order to establish a workable baseline for grant value/impact.

The ideal state: the ability to compare one grant program vs. another for relative value creation.

This is going to be really hard, but it's work that needs to be done. And thank you @maxlomu for the question and your work in Arbitrum.

2

75

Hey there @allen_muhani thanks for the dialogue on this.

Quoted from allen_muhani

Well, value creation and scalabilities are all activities don’t you think? The right question is what activities create value and are scalable?

jump to post →

While I was at ETHDenver, I was reminded about how important it is not to confuse activity with value. While meeting with a cohort of web3 grant operators, we tried to drive home the point that the maturing of a grant program depends on moving from simple milestone verification to validating value creation. And given Arbitrum has such a need for growth, we need to scale.

@DisruptionJoe said it well above, this proposal 1B will focus on:

Quoted from DisruptionJoe

Decentralize grant decision, clarify value, prepare for scale

back to top ↑

To your second question:

Quoted from allen_muhani

Also, what kind of value does the program want to draw from the activities?

jump to post →

In September - we launched "GovMonth" a month long sense and respond campaign where we pulled together 15000 community responses to help us orient where to drive value. While we should have ended that community sourcing with a community ratification - it was a solid method to develop an initial orientation.

Moving forward, we will continue to experiment with community sensing, but we also introduce the creation of a Board to help us determine where value needs to be driven:

Quoted from DisruptionJoe

Plurality Labs Board: We brought together trusted and known voices in the Arbitrum community. Their role with us is to gather feedback and data from our Arbitrum community, and to make strategic decisions about grants allocators, specific grants / contributions, and validations.

back to top ↑

image|666x500

Thanks again for your engagement in Arbitrum and for supporting the Arbitrum DAO!

2

93

I am really excited for this proposal! Before i begin my review I'll start off with the disclaimer that I am a grantee of PL and received funds for starting the Treasury and Sustainability firestarter.

From my perspective, it appears that ArbitrumDAO is no longer in its infancy stage but slowly professionalizing ( thanks in large part to @Immutablelawyer work with ARDC and the procurement committee ). At the same time, we now risk becoming a playground for established service providers to operate in with little room left for individual initiative to move the needle on major matters.

It is in serving as a countervailing force to this trend that I think PL has the clearest value proposition. Whether it be Gitcoin QF rounds, Jokerace allotments, Buidlbox hackathons or the Firestarter program, all initiatives had one thing in common - empowering individuals in the DAO to have a greater say and power over its direction.

I do have some questions on the program which I hope are answered before moving to snapshot;

Bridge 1b is asking for a 2x increase compared to 1a as the price of ARB has ~ doubled. May we know where the additional funds will be deployed? Would it be paying grantees/PL staff the same ARB rate as earlier, hiring additional staff, deploying more to evaluations or some other purpose?
I have seen some discussion in our Telegram groups that the way PL has operated so far is similar to a Questbook domain on experiments, with Joe as the domain allocator. This is ofcourse not a clean comparison and it makes sense to keep them separate for now (for example the 50k maximum grant in QB would not make sense for PL). I would still like a clear answer as to how this grant is different from just being an experiments domain on QB, and whether there is any scope of some sort of merger between both programs down the road.

To conclude, the DAO is professionalizing and unless we continue funding programs like the one proposed here, established service providers will end up being the one calling the shots and determining our future direction (as we see in many other DAOs). I particularly like the present proposal as it has both a bottom-up pluralist framework empowering individual contributors to step up even if they have no entity or team behind them, and a top-down council comprising key decision makers in Arbitrum. This proposal has my full support.

Side note: I love that @BenWest is now in the PL roster. He runs amazing Twitter spaces and I hope to see more of his radio jockey skills in play for communicating the work done under this grant.

4

99

JoJo from jojothecow.eth

posted 2 years ago

edited 2 years ago

Ehy @DisruptionJoe nice proposal. A lot of stuff could be discussed. I think you are in an experimenting camp that is both an blessing and a curse

a blessing, cause you can do a lot of different stuff. And also, measure stuff that you do in tons of ways (so, for what it matters, success can always be achieved as long as it is measured in a certain way)
a curse, because me that I am a reader of your result could argue that your metric of success is not mine.

5

131

Read More

Ehy @DisruptionJoe nice proposal. A lot of stuff could be discussed. I think you are in an experimenting camp that is both an blessing and a curse

a blessing, cause you can do a lot of different stuff. And also, measure stuff that you do in tons of ways (so, for what it matters, success can always be achieved as long as it is measured in a certain way)
a curse, because me that I am a reader of your result could argue that your metric of success is not mine.

Point of view I guess, but I also think that experimenting is indeed necessary to find the right or the less wrong thing to do. Would love, to be honest, for you to general refer not only to the vision you are bringing but also to other visions like this one written by your darling cow or in general others that are more "standard". I think this would help a lot in helping DAO, users, and people who are not following what you do closely (and you do lot of things, often times very different from each other).

But I don't want to really focus on the above, these are just general consideration.

I want to better understand the role of the advisory board. I think PL implementing these third party, well established figures, is really a huge step forward, because they can take ownership of the view as well along with PL and express their opinion. And this can address a lot in regards to the internal decision system and others. I think this board, plus some better communication and an (even light) bridge to more standard frameworks/measures like the above can really really really help the DAO better understand the value you are brining.

So, this board, what they can realistically do? Can they veto PL decisions? Or do they have voting power, in a council of X people? Or are they just advisors, with no decision power but only the power to report as third independent parties what is going on in PL?

Note: i am ok with whatever of the above to be honest, I am just trying to understand who does what. And, if you explained it in the proposal and I didn't understand it/get it, sorry in advance.

DisruptionJoe from disruptionjoe.eth

posted 2 years ago

Hey! Thanks for paying attention to the work we do.

Quoted from JoJo

a blessing, cause you can do a lot of different stuff.

jump to post →

Yeah! 12 programs all with different funding mechanisms is a lot.

5

137

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Hey! Thanks for paying attention to the work we do.

Quoted from JoJo

a blessing, cause you can do a lot of different stuff.

jump to post →

Yeah! 12 programs all with different funding mechanisms is a lot.

Quoted from JoJo

Point of view I guess, but I also think that experimenting is indeed necessary to find the right or the less wrong thing to do.

jump to post →

Pasted Graphic [/quote]

I love this graphic you made! It is very helpful. Here is another way to look at it. I think your diagram showcases challenges and solutions in the user incentives and product market fit bets section here:

Non-Constitutional Thank ARB by Plurality Labs - Milestone 2_ Scaling Val.. 2024-02-06 at 10.20.59 AM|517x500

Then we must think of the levels - the way you did for the builder grants to development grants. The complexity grows quickly.

Thank ARB Board Meeting Presentation 20.2.24|690x388

This chart shows 30 potentially unique frameworks that are a part of the pluralist grant framework overall. One at each intersection of level and category.

Then, we must think that different verticals require unique customizations. The pluralist framework we will document and deliver prior to the end of Milestone 1b(ridge) will address how these many frameworks can work in a complimentary way:

people aren't "double-dipping" for grants
the data can be assessed across ALL programs
standardized evaluation rubrics across

Quoted from JoJo

I want to better understand the role of the advisory board. I think PL implementing these third party, well established figures, is really a huge step forward, because they can take ownership of the view as well along with PL and express their opinion. And this can address a lot in regards to the internal decision system and others. I think this board, plus some better communication and an (even light) bridge to more standard frameworks/measures like the above can really really really help the DAO better understand the value you are brining.

jump to post →

Yes. Totally agree that the board will help us execute better AND provide more clarity for the DAO as a whole.

Quoted from JoJo

So, this board, what they can realistically do? Can they veto PL decisions? Or do they have voting power, in a council of X people? Or are they just advisors, with no decision power but only the power to report as third independent parties what is going on in PL?

jump to post →

Our first meeting is today! We will discuss the charter and inform here asap. It's still a WIP!

Quoted from BenWest

I agree with the legitimate concerns that were raised about Milestone 2 when first proposed and its great to see this thoughtful revised 1(b) approach. Big thanks to the advisory board members and community members who offered their time, their ideas and their feedback.

jump to post →

Ben! So glad to have you on the team. For everyone here, I'm incredibly excited to have brought Ben to the Arbitrum ecosystem!

Hey there @allen_muhani thanks for the dialogue on this.

Quoted from allen_muhani

Well, value creation and scalabilities are all activities don’t you think? The right question is what activities create value and are scalable?

jump to post →

While I was at ETHDenver, I was reminded about how important it is not to confuse activity with value. While meeting with a cohort of web3 grant operators, we tried to drive home the point that the maturing of a grant program depends on moving from simple milestone verification to validating value creation. And given Arbitrum has such a need for growth, we need to scale.

@DisruptionJoe said it well above, this proposal 1B will focus on:

Quoted from DisruptionJoe

Decentralize grant decision, clarify value, prepare for scale

back to top ↑

To your second question:

Quoted from allen_muhani

Also, what kind of value does the program want to draw from the activities?

jump to post →

In September - we launched "GovMonth" a month long sense and respond campaign where we pulled together 15000 community responses to help us orient where to drive value. While we should have ended that community sourcing with a community ratification - it was a solid method to develop an initial orientation.

Moving forward, we will continue to experiment with community sensing, but we also introduce the creation of a Board to help us determine where value needs to be driven:

Quoted from DisruptionJoe

Plurality Labs Board: We brought together trusted and known voices in the Arbitrum community. Their role with us is to gather feedback and data from our Arbitrum community, and to make strategic decisions about grants allocators, specific grants / contributions, and validations.

back to top ↑

image|666x500

Thanks again for your engagement in Arbitrum and for supporting the Arbitrum DAO!

2

93

I am really excited for this proposal! Before i begin my review I'll start off with the disclaimer that I am a grantee of PL and received funds for starting the Treasury and Sustainability firestarter.

From my perspective, it appears that ArbitrumDAO is no longer in its infancy stage but slowly professionalizing ( thanks in large part to @Immutablelawyer work with ARDC and the procurement committee ). At the same time, we now risk becoming a playground for established service providers to operate in with little room left for individual initiative to move the needle on major matters.

It is in serving as a countervailing force to this trend that I think PL has the clearest value proposition. Whether it be Gitcoin QF rounds, Jokerace allotments, Buidlbox hackathons or the Firestarter program, all initiatives had one thing in common - empowering individuals in the DAO to have a greater say and power over its direction.

I do have some questions on the program which I hope are answered before moving to snapshot;

Bridge 1b is asking for a 2x increase compared to 1a as the price of ARB has ~ doubled. May we know where the additional funds will be deployed? Would it be paying grantees/PL staff the same ARB rate as earlier, hiring additional staff, deploying more to evaluations or some other purpose?
I have seen some discussion in our Telegram groups that the way PL has operated so far is similar to a Questbook domain on experiments, with Joe as the domain allocator. This is ofcourse not a clean comparison and it makes sense to keep them separate for now (for example the 50k maximum grant in QB would not make sense for PL). I would still like a clear answer as to how this grant is different from just being an experiments domain on QB, and whether there is any scope of some sort of merger between both programs down the road.

To conclude, the DAO is professionalizing and unless we continue funding programs like the one proposed here, established service providers will end up being the one calling the shots and determining our future direction (as we see in many other DAOs). I particularly like the present proposal as it has both a bottom-up pluralist framework empowering individual contributors to step up even if they have no entity or team behind them, and a top-down council comprising key decision makers in Arbitrum. This proposal has my full support.

Side note: I love that @BenWest is now in the PL roster. He runs amazing Twitter spaces and I hope to see more of his radio jockey skills in play for communicating the work done under this grant.

4

99

JoJo from jojothecow.eth

posted 2 years ago

edited 2 years ago

Ehy @DisruptionJoe nice proposal. A lot of stuff could be discussed. I think you are in an experimenting camp that is both an blessing and a curse

a blessing, cause you can do a lot of different stuff. And also, measure stuff that you do in tons of ways (so, for what it matters, success can always be achieved as long as it is measured in a certain way)
a curse, because me that I am a reader of your result could argue that your metric of success is not mine.

5

131

Read More

Ehy @DisruptionJoe nice proposal. A lot of stuff could be discussed. I think you are in an experimenting camp that is both an blessing and a curse

a blessing, cause you can do a lot of different stuff. And also, measure stuff that you do in tons of ways (so, for what it matters, success can always be achieved as long as it is measured in a certain way)
a curse, because me that I am a reader of your result could argue that your metric of success is not mine.

Point of view I guess, but I also think that experimenting is indeed necessary to find the right or the less wrong thing to do. Would love, to be honest, for you to general refer not only to the vision you are bringing but also to other visions like this one written by your darling cow or in general others that are more "standard". I think this would help a lot in helping DAO, users, and people who are not following what you do closely (and you do lot of things, often times very different from each other).

But I don't want to really focus on the above, these are just general consideration.

I want to better understand the role of the advisory board. I think PL implementing these third party, well established figures, is really a huge step forward, because they can take ownership of the view as well along with PL and express their opinion. And this can address a lot in regards to the internal decision system and others. I think this board, plus some better communication and an (even light) bridge to more standard frameworks/measures like the above can really really really help the DAO better understand the value you are brining.

So, this board, what they can realistically do? Can they veto PL decisions? Or do they have voting power, in a council of X people? Or are they just advisors, with no decision power but only the power to report as third independent parties what is going on in PL?

Note: i am ok with whatever of the above to be honest, I am just trying to understand who does what. And, if you explained it in the proposal and I didn't understand it/get it, sorry in advance.

DisruptionJoe from disruptionjoe.eth

posted 2 years ago

Hey! Thanks for paying attention to the work we do.

Quoted from JoJo

a blessing, cause you can do a lot of different stuff.

jump to post →

Yeah! 12 programs all with different funding mechanisms is a lot.

5

137

Read More

Hey! Thanks for paying attention to the work we do.

Quoted from JoJo

a blessing, cause you can do a lot of different stuff.

jump to post →

Yeah! 12 programs all with different funding mechanisms is a lot.

Quoted from JoJo

Point of view I guess, but I also think that experimenting is indeed necessary to find the right or the less wrong thing to do.

jump to post →

Pasted Graphic [/quote]

I love this graphic you made! It is very helpful. Here is another way to look at it. I think your diagram showcases challenges and solutions in the user incentives and product market fit bets section here:

Non-Constitutional Thank ARB by Plurality Labs - Milestone 2_ Scaling Val.. 2024-02-06 at 10.20.59 AM|517x500

Then we must think of the levels - the way you did for the builder grants to development grants. The complexity grows quickly.

Thank ARB Board Meeting Presentation 20.2.24|690x388

This chart shows 30 potentially unique frameworks that are a part of the pluralist grant framework overall. One at each intersection of level and category.

Then, we must think that different verticals require unique customizations. The pluralist framework we will document and deliver prior to the end of Milestone 1b(ridge) will address how these many frameworks can work in a complimentary way:

people aren't "double-dipping" for grants
the data can be assessed across ALL programs
standardized evaluation rubrics across

Quoted from JoJo

I want to better understand the role of the advisory board. I think PL implementing these third party, well established figures, is really a huge step forward, because they can take ownership of the view as well along with PL and express their opinion. And this can address a lot in regards to the internal decision system and others. I think this board, plus some better communication and an (even light) bridge to more standard frameworks/measures like the above can really really really help the DAO better understand the value you are brining.

jump to post →

Yes. Totally agree that the board will help us execute better AND provide more clarity for the DAO as a whole.

Quoted from JoJo

So, this board, what they can realistically do? Can they veto PL decisions? Or do they have voting power, in a council of X people? Or are they just advisors, with no decision power but only the power to report as third independent parties what is going on in PL?

jump to post →

Our first meeting is today! We will discuss the charter and inform here asap. It's still a WIP!

Quoted from BenWest

I agree with the legitimate concerns that were raised about Milestone 2 when first proposed and its great to see this thoughtful revised 1(b) approach. Big thanks to the advisory board members and community members who offered their time, their ideas and their feedback.

jump to post →

Ben! So glad to have you on the team. For everyone here, I'm incredibly excited to have brought Ben to the Arbitrum ecosystem!