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Arbitrum · closed proposal

ArbitrumDAO Procurement Committee Phase II

0x560b…1841·ended 1y ago·Discussion ↗·MEDIUM RISK
Voters
3,356
ARB voted
139.49M
≈$10.93M
Token price
$0.08

AI summary

This proposal asks Arbitrum DAO to extend the term of its Procurement Committee (ADPC) for another six months. The ADPC, consisting of Axis Advisory, Areta, and Daimon Legal, is responsible for establishing and managing procurement processes for the DAO. In this next phase, they plan to procure RPC providers for ecosystem projects, manage procurement for 2025 DAO events, continue overseeing the security services subsidy fund, and propose an operational expense budget for the DAO.

Impact

If passed, the ADPC will continue its work, aiming to bring cost savings and efficiency to the DAO's operations by streamlining how services are acquired. The DAO will benefit from more structured procurement, potentially leading to better deals and reduced administrative overhead for routine expenses. There are no direct financial losses for any specific group, but the DAO will continue to fund the ADPC's operations, though the proposal does not specify the exact amount for this extension.

Read full proposal on Snapshot

Voting results

Yes - Extend114.67M (82.2%)
No - Do Not Extend21.40M (15.3%)
Abstain3.41M (2.4%)
139.49M ARB · ≈$10.93M · 3356 votersblock 250029865

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Full proposal

Original markdown · Arbitrum

The Arbitrum DAO Procurement Committee (ADPC), composed of Axis Advisory, Areta, and Daimon Legal, is proposing to extend its term for an additional 6 months. The initial phase, which ends on August 20, 2024, was a proof of concept that established a comprehensive procurement process to support Arbitrum DAO's decentralized governance structure. This second phase, starting upon the successful on-chain vote, aims to build on the successes and lessons learned from the pilot phase, with a focus on delivering strategic procurement benefits for the DAO.

Key Achievements in Phase I:

During its fi…

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