Ongoing Temperature Checks
1. Transfer 8,500 ETH from the Treasury to ATMC’s ETH Treasury Strategies (Voting ends October 3rd)
Entropy proposes transferring 8500 ETH accrued from Sequencer and Timeboost Revenue from the DAO’s treasury to the Arbitrum Treasury Management Council.
Should the proposal pass, the new tranche of 8500 ETH will be used in a variety of generally lower-risk, ecosystem-supporting protocols, including but not limited to liquid staking, liquid restaking, lending markets, and liquidity provision on DEXes. The requested funds can potentially support liquidity in venues within the Arbitrum ecosystem to supplement increased activity from DRIP, while not receiving or diluting any of the incentives.
The OAT will maintain full ability to approve or deny granular decisions related to fund allocation. Funds will be sent to and custodied by the Arbitrum Foundation.