GMC's Preferred Allocations (7,500 ETH)
AI summary
This proposal outlines how the Arbitrum DAO's Growth Management Committee (GMC) plans to deploy 7,500 ETH from the DAO's treasury. The plan involves allocating 5,000 ETH to Lido to be staked for wrapped staked ETH (wstETH), which will then be deposited into Aave V3 on Arbitrum to provide liquidity. Additionally, 2,500 ETH will be lent on Fluid to support decentralized exchange (DEX) and lending liquidity. The goal is to generate low-risk yield and foster growth within the Arbitrum ecosystem.
If passed, the Arbitrum DAO will deploy approximately $26.25 million (based on 1 ETH = $3,500) of its treasury ETH into various DeFi protocols, aiming to earn yield and stimulate activity on Arbitrum. This benefits the DAO by generating revenue from idle assets and supports the growth of partner protocols like Lido, Aave, and Fluid. There are no clear losers identified, but the DAO takes on the inherent risks associated with DeFi protocols.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
TL;DR
The GMC's preferred choices for the deployment of 7,500 Arbitrum DAO treasury ETH are stated below. The selected protocols include Camelot, Aave, Lido, and Fluid. If this vote receives 3% of the votable token supply in favor (or abstain) of deploying assets in accordance to the GMC's choices, the Arbitrum Foundation will begin to mobilize.
Summary [Updated on March 14, 2025]
On December 21 2024, the Arbitrum DAO voted in favour of establishing two committees - the Treasury Management Committee (TMC) and the Growth Management Committee (GMC), who were tasked with spearheading treasu…