Service Provider Procurement Outcome Report

Overview

The Arbitrum DAO Procurement Committee (”ADPC”) has successfully completed its inaugural six-month term, marking a significant milestone in decentralized governance and procurement. This comprehensive outcome report highlights the ADPC's achievements, innovative approaches, and valuable learnings that have set new standards for DAO operations. Key accomplishments include the development and implementation of a security-oriented service providers procurement framework, the creation of a USD 2.5 million subsidy fund to support projects within the Arbitrum ecosystem, and the establishment of a robust operational infrastructure for decentralized procurement.

The ADPC's work has been characterized by a strong commitment to community engagement, transparency, and responsive governance. Through regular community calls, forum discussions, and iterative proposal refinements, the committee has fostered a collaborative environment that has strengthened the Arbitrum ecosystem. Despite facing challenges inherent in pioneering decentralized procurement processes, the ADPC has demonstrated an ability to adapt and proactively take community feedback on board, showcasing the strengths of decentralized governance.

This report showcases the ADPC's progress and success to date and simultaneously presents a forward-looking vision for the committee's future. With plans to expand scope, increase capacity, and implement new procurement frameworks, the ADPC is keen to continue driving innovation and efficiency within the Arbitrum ecosystem.

Our Work

Areta governance maintains deep expertise in the design and operation of key executive functions for DAOs, including leading core strategic initiatives, as well as identifying, analyzing, and designing solutions to fill gaps in DAO operations. For the ADPC Outcome Report, Areta outlined the full scope of a DAO strategic operation from enhancement identification through outcome reporting.

About Arbitrum

Arbitrum is one of the leading venues of Ethereum's scalability, commanding a substantial 40% of the Layer 2 market share. With 1.13 million active wallets, $14.09 billion in total value locked (TVL), and over 1.25 billion total transactions, Arbitrum is one of the leading venues driving Ethereum's scalability. Built as an Optimistic Rollup, Arbitrum reduces gas fees and increases transaction speed while maintaining Ethereum's security and decentralization. Additionally, Arbitrum plays host to many top DeFi protocols and boasts an ecosystem of orbit chains, all building on top of the Arbitrum tech stack, further expanding its influence in the Layer 2 space.