After consideration, the @SEEDgov delegation decided to vote FOR (Adopt the Arbitrum Treasury Management Council) on this proposal at the Snapshot Vote.
Rationale
In alignment with what we stated in our rationale for the reallocation of USDM funds proposal we believe that the proposed framework to adjust prior asset allocations makes a lot of sense especially considering that the OAT would be involved
As for allocating new assets from the treasury, we recognize that revenue inflows are increasing from multiple sources (e.g., Timeboost, Sequencer fees). Given this, a more streamlined and efficient process is needed to prevent these funds from sitting idle and to ensure capital is put to work effectively.
Overall, we’re aligned with the intentions of this proposal and support consolidating efforts under a unified structure. It’s a logical next step in the DAO’s financial evolution.
Lastly, while we’re not fully aware of Entropy’s administrative costs for managing this process, we agree with the general sentiment that the layered cost structures of previous programs (TMC, GMC, STEP1, STEP2, etc.) were excessive and unsustainable.