- Proposal: TMC Recommendation
- Voting type & platform: Offchain - Snapshot
- Vote:
- Only deploy stable strategy
- Deploy nothing
- Abstain
- Deploy both strategies
- Only Deploy ARB Strategy
- Reasoning:
In line with the trust we have placed in TMC in the recent past, as stated in our Treasury Management Rationale (Snapshot & Tally), we have aligned ourselves with their suggestions and our first choice was to “deploy only the stable strategy”, leaving no or little room for the other choices. We appreciate this recommendation as we can clearly see that they are acting in accordance with the tasks they have been entrusted with, which is mainly to protect the DAO treasury. Moreover, as the proposal itself indicates, the TMC remains open to future ARB allocation strategies that are less risky, so it is not a definitive no to this idea. When circumstances improve, especially with respect to the current market conditions that have affected the price of ARB, that will be the right time to move forward with this strategy. We see it as a prudent move not to do this at this moment and only to implement the stablecoin allocation strategy, which at the same time has been evenly split between 3 well trusted selected partners with good reputations both inside and outside the DAO, and even though 2 of them are also part of the part that we are rejecting of this proposal, when it comes to the stablecoin allocation strategies presented we see that the potential benefits outweigh our concerns, unlike what happens with the ARB allocation part of their projects.