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The proposal suggests using 500,000 ARB tokens in RabbitHole's Quest Protocol to increase engagement and grow the Arbitrum ecosystem, with community support for its decentralized approach and potential for ecosystem tools. It includes a token allocation plan, aims to complement the STIP by attracting new users, and could financially benefit the DAO, with next steps involving collaboration with STIP teams and continuous updates.
The discussion is centered on a proposal by Bflynn1 to utilize 500,000 ARB tokens through Quest Protocol quests, created by RabbitHole, to grow the Arbitrum & STIP teams. The goal is to increase active ARB tokenholders and engagement on the Arbitrum Network during the Short Term Incentive Program (STIP). The proposal aims to boost transaction volume, attract users from other L2 ecosystems, and establish the Arbitrum Quest Gateway. RabbitHole's Quest Protocol, now permissionless, would deploy quests for STIP-funded projects and those that narrowly missed funding. The proposal outlines a token allocation plan, a phased timeline, and network fee distribution, with benefits for the Arbitrum DAO, STIP grant recipients, and non-recipient projects.
Community members like Raho2 and Quazia3 support the decentralized nature of RabbitHole and its alignment with the Arbitrum DAO's vision. They also favor the creation of reusable tools for the ecosystem. Dk34 and Bflynn5 suggest starting with a smaller campaign to test the potential of Quest Protocol campaigns. Discussions between Peter6 and Bflynn7 revolve around the allocation of incentives between STIP unallocated and allocated protocols, with a proposed 2/8 ratio and the idea of a smart contract for future tokenholder voting on such proposals.
We have not been able to determine whether this will be negative.
The next steps involve developing Quest Plugins with STIP teams, implementing a data-driven strategy for quest deployment, and releasing weekly and monthly summaries. RabbitHole will provide continuous updates via a Dune dashboard. A renewed proposal may be presented to the DAO if milestones are met. Additionally, Bflynn notes that the proposal will be void if RabbitHole is included in the backfund proposal, as indicated in the footnotes of the backfund proposal document9.
Posted a month ago
Last reply 7 days ago
Summary updated 7 days ago
Last updated 03/12 14:24