This is a proposal for financial compensation for a number of winners that participated in “ArbitrumDAO’s Biggest Minigrants Round Ever.” This was a grant round with 32 winners over a period of 8 weeks, starting in January 2024. 19 projects received their payouts 3-7 months later, which caused significant confusion, stress, and blockages in their ability to execute their projects. This proposal is for financial compensation for the 5 projects that would like to complete their grant project as proposed (but due to the significant payout days and resulting ARB value drop were not able to execute or partially execute), and for the effort in providing detailed feedback and learning for all parties in this grant round as provided by Kara Krysthal.
Full proposal details and summary of the issues within this grant round are outlined here:
5 parties were required for funds distribution, creating extreme payout delays
Lack of organized KYC processes and education
Confusion in processes causing stress and affecting team morale of grantees
Lack of clarity for grantees in understanding the roles and responsibilities of different parties
Blocks in grantees abilities to execute their projects due to time delays and ARB value decrease
$2,583 USD (SI<3>) Time delay to payout: 4 MONTHS
$4,400 USD (RadDreams) Time delay to payout: 7 MONTHS
$1,775 USD (Everest Mobility) Time delay to payout: 3 MONTHS
$3,148 USD (AgroForest DAO) Time delay to payout: 4 MONTHS
$2,700 USD (Play2Learn Games) Time delay to payout: 4 MONTHS
$5,000 USD Kara Krysthal’s research, communications and advocacy effort for 7 months gathering data and connecting parties (please review comments which shared this feedback and insights are “invaluable” and very helpful for improving future grant rounds)
Total = $19,610 USD or 28,310 ARB