What is this about?

The discussion revolves around a proposal by 0xetwas from the Sixdegree team for a data monitoring and reporting initiative for the Abitrum Short-Term Incentive Program (STIP)¹. The proposal aims to establish a fair and efficient method for the STIP's operation, develop a data analysis framework to identify potential duplicates, and demonstrate the effectiveness of the STIP¹. The project is divided into several components, including monitoring and reporting, data analysis on the impact of STIP, communication with the Arbitrum community and other stakeholders, and conducting a final comprehensive report on the STIP¹.

The proposal also includes building a Dune dashboard to track key metrics such as Total Value Locked (TVL), number of transactions, gas consumption, user growth, volume, and retention rate for the Arbitrum network¹. The user also suggested designing scoring systems for grantee protocols and users of these protocols, with criteria adjusted based on the specific sector the grantee project belongs to¹.

How is the community reacting?

The community has shown support for the proposal, with Bflynn emphasizing the importance of accountability tools to ensure that grant recipients deliver on their promises². Burns asked several questions about the proposal, including whether the dashboard will track ARB spending by project vs. their budget, if grant matching by project can be included, the team's experience in fraud/misuse monitoring, and the responsibility for chasing up projects for outstanding data/reports³. In response, 0xetwas provided a detailed breakdown of the milestones for the project and addressed all concerns raised⁴.

Why this is positive?

The proposal is positive as it aims to ensure transparency and accountability in the STIP's operation. It will provide a comprehensive analysis of the impact of the STIP, tracking key metrics and providing regular updates to the community. The proposal also includes measures to detect and report any unethical behavior or fraud, ensuring the proper utilization of funds¹. The Sixdegree team has a strong track record and has committed to dedicating up to 40 hours per week to build and maintain dashboards and develop analysis methods^1,4.

Why this is negative?

There are no apparent negatives in the proposal. However, the community has raised questions about the team's capacity to handle the scale of the project and the specifics of the funding request. These concerns have been addressed by 0xetwas, who provided a detailed breakdown of the milestones for the project and confirmed that the team has the necessary experience and resources to successfully carry out the project^4,5.