Reimbursements in BANK are logistically easier for bDAO because BANK is the native token.
Reimbursements in ETH are logistically easier for the recipient because they want to replenish their ETH
I think it’s a minor distinction because the “value” being reimbursed should be the same whether it’s settled in ETH or BANK. In the end, I think bDAO should reimburse in ETH for a better user experience.
I also think we need a follow-up proposal to (1) specify a policy for holding sufficient amounts of ETH in the treasury to cover gas expenses each season and (2) Include ETH in the grants committee budget so that typical gas reimbursements don’t need to go to snapshot.
A quick tangent on “unit of account” and calculating value across time
Calculating value across time is difficult because currency values are inherently unstable. Today, I use USD as my unit of account because it’s more stable than ETH. But as ETH becomes deflationary next year, perhaps ETH will become a better unit of account. Or perhaps a dominant algorithmic stable coin will emerge that will act as the ideal unit of account.
I think that it’s okay to use ETH as the unit of account for calculating bDAO reimbursement values but there is a risk that ETH price goes up or down 5x over the course of a season, and the reimbursement recipient will receive significantly more or less value than they originally spent on gas.