To address the 44.9M ARB outflow for the GCP,
- 40M ARB was sent to another Foundation controlled multi-sig, and will be sent to GCP down the line
- Of the remainng 4.9M ARB, 3.9M ARB was converted to USD by the Arbitrum Foundation and 1M ARB for compensation
To clarify, the GCP has not deployed any capital thus far for investments nor grants, and the expenses incurred so far are only operational-related.