AI summary
This proposal asks the Arbitrum DAO to decide on a treasury management strategy recommended by the Treasury Management Committee (TMC). The TMC suggests converting 15 million ARB tokens into stablecoins and having three partners (Karpatkey, Avantgarde & Myso, Gauntlet) manage them. They also considered deploying 10 million ARB tokens into ARB-only strategies but recommend against it due to concerns about risk management and low yield projections. The vote uses Ranked Choice Voting.
If passed as recommended, Arbitrum's treasury will diversify by converting 15 million ARB into stablecoins, managed by the selected partners. This could improve treasury stability and generate yield from stablecoin strategies. However, 10 million ARB will not be deployed into ARB-only strategies, potentially missing out on future ARB-denominated gains but avoiding perceived risks. The DAO benefits from professional treasury management, while the named partners will receive fees for their services.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
TLDR; The TMC recommends that the DAO votes for #3 Only Deploy Stable Strategy
The four possible combined outcomes are:
- #1 Deploy Both Strategies
- #2 Only Deploy ARB Strategy
- #3 Only Deploy Stable Strategy
- #4 Deploy Nothing
- Abstain
If no ARB is deployed (#4 Deploy Nothing, Abstain win), we will make the necessary modifications and resubmit the proposal for another vote.
The vote will be conducted via Ranked Choice Voting (RCV): Rank options; results use instant-runoff counting.
Abstract
The TMC has divided the partner selection into two groups: one for…