Set up a Sub-Committee for the Security Services Subsidy Fund
AI summary
This proposal seeks to establish a new sub-committee, the Security Services Subsidy Fund (SSSF) Sub-committee, within the Arbitrum DAO. Its primary role will be to manage and distribute $2.5 million worth of ARB tokens to security service providers, based on a 'Means Test' to determine eligibility. The proposal requests 60,000 ARB to compensate the five elected members of this sub-committee for an 8-week period, with each member earning 100 ARB per hour, capped at 15 hours per week.
If passed, the Arbitrum DAO will spend 60,000 ARB to fund the sub-committee members, and a new body will be responsible for allocating $2.5 million in ARB to enhance the security of the Arbitrum ecosystem. This benefits security service providers and potentially the overall security of the Arbitrum network, while the DAO treasury incurs the cost of the sub-committee's operations.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
This proposal intends to set up the Security Services Subsidy Fund (‘SSSF’) Sub-committee, seeking 60,000 ARB to fund the members of the SSSF Sub-committee over 1 cohort spanning 8 weeks.
Constitutional / Non-Constitutional - Non-Constitutional
Abstract - The creation of a specialised sub-committee to administer the Subsidy Fund for Security Services.
Steps to Implement - Snapshot Vote to signal approval of the process, followed by the initiation of the election process in conjunction with the on-chain vote for the sub-committee.
Timeline - Snapshot Date: 20th May 2024…