[ARFC] - Chaos Labs Scope and Compensation Amendment

Hi @ChaosLabs :wave:

With members of our team having worked with the Chaos Labs team for a long time. We can testify to their professionalism and quality of work. Chaos Labs is always prompt to respond. The team is a pleasure to work with.

Chaos Lab’s funding request of $1.5M relative to Gauntlet receiving $2M mis represents Chaos Labs value add relative to Gauntlet’s value received. In our opinion, if the overall budget is $3M a year, then Gauntlet’s contract will need to be reduced to $1.5M, or less, when it is up for renewal in December.

We are supportive of increasing Chaos labs remuneration to $1.5M. However, we would like to see the composition of the payment change such that AAVE is replaced with a stable coin or wETH. Although we like the “skin in the game” alignment, our preference is for this exposure to be attained via a different means. We advocate for this to be the direction of all future funding requests, AGD and Service Providers alike.

TokenLogic vote: YAE