Service Provider Procurement

The Arbitrum DAO Procurement Committee (ADPC) was created with the goal of developing and refining robust processes for the selection and negotiation of service providers for the Arbitrum DAO. This is an industry-leading, DAO-native innovative approach to incentivize growth and reduce barriers to entry for all types of projects on blockchains like Arbitrum.

The primary mandate for the first 6-month tenure of the ADPC is to oversee and facilitate the procurement framework for security-oriented service providers within the Arbitrum ecosystem, create a subsidy fund that will subsidize security audit costs for new and existing projects within the Arbitrum ecosystem, and develop a Means Test to to assess a project’s eligibility for the Subsidy Fund.

Areta is serving on the ADPC alongside Joseph Axisa (Axis Advisory) and Paul Imsieh (Daimon Legal).

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Areta contributed on all aspects of the ADPC’s mandate and created proposals to:

• Set up the subsidy fund and create the Means Test used to judge subsidy applicants;
• Procure a security SME to help the ADPC in drafting the technical and business requirements for the RFP and whitelist the security service providers based on their RFP responses;
• Structure and set-up a sub-committee to disburse the subsidy funds.

Our Snapshot vote to establish the subsidy fund passed, with an initial cohort of 8 weeks and fund size of $2.5M being approved, while the Snapshot vote to onboard DeDaub as the security SME for the ADPC passed as well.

From an operational angle, we have taken the lead in setting up the infrastructure for the ADPC, including transparency and reporting processes and the infrastructure to accept and evaluate RFP and grant applications.

We are currently working with the Arbitrum Foundation to finalise the RFP from a legal perspective, and once the RFP is live, will evaluate responses from security service providers and whitelist them.

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