What is this about?

OpenBlock Labs has proposed a project to monitor and report on the Arbitrum Short-Term Incentive Program (STIP). Their plan includes creating a public dashboard to track grant amounts, identify undisclosed fund transfers, monitor potential malicious behavior, and ensure compliance with reporting requirements. They also aim to analyze various metrics to understand the program's impact, such as growth, liquidity, price impact, volume, sustainability of incentives, transactions, and more. The project is expected to be completed within 4 weeks from grant acceptance, with a final report due on April 1, 2024. The initial request was for $150k upfront and $110k upon completion, but after discussions with the grant committee, the bid was lowered to 75k ARB upfront and 120k ARB upon completion.

How is the community reacting?

Community member Burns has raised several questions about the proposal. He asked for clarification on the format of metrics display and discussion, the tracking of ARB spending by teams, claimant analysis, grant matching by project, and ROI in the dashboard/analysis. He also questioned the relevance of the identified metrics to determining the effectiveness of the STIP and the various incentive models employed by each project. Furthermore, he expressed concern about the unclear value for money and asked for a description of how the proposed figure was arrived at. He also inquired about the content of the final report, whether it will include recommendations or data summary/insights only.

Why this is positive?

The proposal by OpenBlock Labs could provide valuable insights into the Arbitrum Short-Term Incentive Program (STIP). Their public dashboard and analysis could help ensure transparency, compliance, and effectiveness of the program. The lowered bid after discussions with the grant committee also shows flexibility and responsiveness to community feedback.

Why this is negative?

There are concerns about the clarity and value for money of the proposal. Questions have been raised about the relevance of the identified metrics, the format of the metrics display, and the content of the final report. The initial cost proposed by OpenBlock Labs was also seen as potentially high, leading to a request for a breakdown of how the figure was arrived at.