We propose a budget of 10k AAA to setup a faucet with a 2-week time period.
This would be a first step in allocating AAA towards community growth and awareness campaigns. We would like to get the ball going while simultaniously encouraging community members to come up with additional proposals.
If no major objections are made, we would like to proceed and put this proposal on Snapshot later next week.
Might be worth considering the timing of the campaign as it coincides with stAAA unlocks. There will likely be continued sell pressure on AAA over the next few weeks as airdrop recipients exit their stAAA positions. My initial thought is that potential new users attracted by the campaign might only look at the chart and be turned away, without taking a deeper look into the protocol. Based on discord msgs it seems like their are more than a handful of users who are looking to buy AAA after stAAA unlockers exit their positions. Might be a better look to run the campaign as people are (hopefully ) buying.
Obv the above is just a hypothetical/guess and could totally be wrong. Also I have no stats about how much stAAA is in unlock period… sooooo, yeah would love to hear some other opinions.
I think this is a good idea since this is low budget. My only suggestion would be staked $AAA instead of liquid.
Going forward I think Arcadia should explore setting up a budget for a Grants Program (1 team member, 2-4 community members). Having done this for a few DAOs I can send some guidance/recommendations if the team is interested.
Grants Program could be of interest down the line.
We’re going to set up a Discord channel for gov discussions with top delegatees to discuss these kind of things.
) buying.