[Non-Constitutional] Arbitrum Token Swap Pilot Program
AI summary
This proposal introduces a pilot program for Arbitrum to swap its native ARB tokens with tokens from other projects built on the Arbitrum network. The goal is to create stronger, two-way partnerships with these projects, moving beyond just giving out grants. The pilot will target 3-7 "Arbitrum Blue Chips" (mature protocols) from a list of 19, with a total budget of 2 million ARB tokens and a maximum of 0.5 million ARB per project.
If passed, Arbitrum will begin exchanging ARB tokens for other project tokens, potentially gaining financial upside and governance influence in those projects. This could lead to more stable and loyal projects within the Arbitrum ecosystem, benefiting the Arbitrum DAO treasury in the long run. Projects participating in the swap will gain ARB tokens and closer ties to the Arbitrum ecosystem.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Abstract
The Arbitrum Token Swap Pilot proposal is the next step toward the long-term effectiveness and sustainability of ecosystem support programs in the broader Arbitrum ecosystem.
In this initial pilot phase, we prioritize mature protocols on Arbitrum, the so-called Arbitrum Blue Chips, of which 19 have been identified. The pilot aims to swap with 3-7, with a maximum swap budget of 2M ARB and a cap of 0.5M ARB per project.
We foresee token swaps as a complimentary mechanism to the current incentive programs for Arbitrum DAO to participate in the development and success of its ecosyste…