Our delegation decided to ABSTAIN on this proposal.
With a current TVL of 37M on Arbitrum, Sushi is one of the largest DEXs on the network. The Council’s main concerns are the conflicts in managing the protocol’s internal policy and the potential failure to execute the proposal as planned.
We believe that Arbitrum is the DeFi L2, and as such, we should support protocols that have backed Arbitrum since its launch. Sushi has been present from day one, is an active participant in governance, and has demonstrated traction on the network. Their new requested amount of 650K seems reasonable, and the proposed execution aligns with the network’s objectives.
That said, we choose to abstain at this time because we were part of the advisory process and consider it necessary for Sushi to obtain the endorsement of the Council and the delegates to secure the grant.