The following reflects the views of L2BEAT’s governance team, composed of @kaereste and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
Disclaimer: @kaereste was an elected member of the Grants Council since its inception and provided feedback on the proposed draft versions of these budget assumptions in discussions with @Gonna.Eth.
We are voting in favor of this proposed budget. Optimism Grants Council is one of the most mature grant-allocation structures we’ve seen in the whole crypto space. It proved to be efficient and thorough in reviewing hundreds of applications. The best evidence of the success of this approach is the growing number of applicants despite the relatively high bar for approval. The increase in operating expenses reflects an increased workload and the constant improvement in the comprehensiveness of internal processes.