I’m going to give a long meta update to you all instead of responding individually…
It appears that I’ve done a poor job of explaining this through the proposal, so I’ll try again. I also understand that there is a lot of sensitivity around builder proposals given the last few not-so-ideal situations that came up.
We fully recognize that it would be very difficult to evaluate this proposal without the community being able to get their hands on the final product from the original proposal. I would say the same things as you if this were another proposal. I get it. That deliverable is coming this week. No more for me to say around that.
The reason why we’ve submitted this proposal when we did is because of the timing of the DAO processes for proposals being live, voting, and monthly payouts. Here’s the key point:
- if this proposal is accepted during this next vote, our team will be able to continue building full steam ahead
- if this proposal doesn’t get passed now, it will slow us down
It’s that simple.
I’ve already stretched our budget beyond our initial plan to have our developers keep building after launch, but that’s only a short window.
Regardless of which way this goes, we believe we are well positioned from our conversations with people in the know for the Arbitrum Foundation grant that will get us $60k - $150k of additional funding. We also think there’s a chance for us to pull in an additional multiple 6 figures worth of grants from the other sources mentioned in the proposal. So rather than pausing our entire development effort while we wait for the ARB Foundation grant to come in, we’re asking for the DAO support on this.
If the DAO doesn’t think it’s worth it for the (mostly unused) ecosystem fund to provide us with this bridge round to let us keep building and give us the greatest chance of bringing outside funds into the ecosystem for the benefit of us all, so be it. We will slow down, wait for these grant processes to run their course and pick up the pieces later. If the councilors don’t think there’s enough information here after Friday’s launch for the DAO to make a proper decision, so be it.
As I’ve said, I’m trying my best here to thread the needle of timing for the best possible outcome. Hell, we only had access to unicorns data on XAI mainnet on Friday night. My team has been working weekends and pulling all-nighters to get this to you on time and budget, and I’m really proud of what they’ve been able to pull off to get us here. Let’s see where this discussion goes after our Alpha launch this week.