Webacy STIP Proposal - Round 1

📡 Protocol
ArbitrumArbitrum
Voting URL
https://snapshot.org/#/arbitrumfoundation.eth/proposal/0xa5cd3d931a2884bd6aa6763699b2c52c6bb5129eefb0d33d930491d6375294f0
Type of Vote
Off-chain
Our Vote
Against
Rationale

While we believe the security is paramountly important in the self-custody environment and what Webacy has been doing is clearly beneficial to the whole ecosystem, there are a couple of reasons that the proposal is not fit for STIP grant distributions: 1) the justification of the requested grant size is weak compared to the outcome. 2) incentives are prone to sybil attacks 3) not clear incentives to Arbitrum itself

Vote Date
October 12, 2023