Service Provider Procurement

Overview

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).

Our Work

Areta governance specializes in the development of capital allocation strategies, structuring and operating innovative grant programs, and the design of robust and effective contributor programs. The ADPC represents Areta’s foray into service provider procurement, a key element of developing a sustainable decentralized network, for the Arbitrum DAO.

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.