We are voting FOR this proposal, as it reflects a responsible approach to putting idle funds to work through yield-bearing strategies, in line with the DAO’s long-term goals.
That said, we suggest earmarking the Events Budget within the ATMC rather than dissolving it entirely. This preserves flexibility for supporting regionally relevant or DAO-native events that may not align with Foundation priorities or the Grants program, while still earning yield in the meantime.
We also encourage greater transparency around how funds will be allocated within the ATMC. A simple investment framework and regular reporting would help improve oversight and confidence among delegates.
Finally, if any unused ADPC Security Subsidy funds remain, it may be worth coordinating with future security or audit efforts, where relevant.
Overall, we support the proposal and appreciate the thoughtful adjustments made so far. A few refinements could further strengthen its long-term value to the DAO.
The following reflects the views of GMX’s Governance Committee, and is based on the combined research, evaluation, consensus, and ideation of various committee members.
We appreciate Entropy’s proactive approach in putting idle funds to productive use. One key consideration is learning from past DAO experiences where event spending often failed to deliver expected results. Given that the DAO already operates grant programs focused on education and events, it would be more effective to engage specialized vendors/service providers to manage initiatives like hackathons. Seed Latam’s excellent work with DevConnect serves as a strong recent example. With ARDC currently inactive, redirecting capital toward revenue-generating initiatives for the DAO is prudent. We fully support Entropy’s proposal.
Consolidating idle stablecoins into the ATMC’s stablecoin balance is a logical and prudent step for improving capital efficiency and enabling more streamlined treasury management.
That said, we echo @Tane’s suggestion to explore DAO-wide operational guidelines for managing stablecoin-denominated budgets:
“We suggest exploring the creation of DAO-wide operational guidelines, whereby all DAO-approved, USD-denominated budgets would, by default, be allocated into specified, yield-bearing vaults at approval…”
Establishing this kind of framework could help standardize how approved budgets are handled across working groups, while also preserving capital and reducing idle funds. We believe this is worth further discussion in coordination with the ATMC and other stakeholders.
We’d also like to raise one forward-looking consideration:
Will there be a pathway for DAO programs to draw down stablecoins from the ATMC, rather than defaulting to ARB sales from the Treasury? Introducing this option with clear caps and oversight could give the DAO greater flexibility in financing operations while reducing unnecessary sell pressure on ARB.
Happy to support this proposal and look forward to continued coordination on treasury improvements.
We are in favor of consolidating idle USDC into the ATMC’s stablecoin balance, allowing the Treasury Council to manage these assets more efficiently. This move reduces fragmentation, streamlines reporting, and improves the DAO’s ability to execute treasury strategies without affecting ownership or oversight.
It makes total sense to move all three buckets of idle funds into a place where they can earn yield. It’s a smart and responsible treasury management and I’m happy to support it.
1.This proposal allows the DAO to recover economic value from $1 million USDC that is currently inaccessible. Anything that brings funds back to the DAO aligns with my priorities.
It also enables the potential use of an additional $1.5 million USDC (ARDC), along with any remaining balance from the MSS, both of which may generate further financial benefits.
Overall, I see this proposal as a technical solution that clearly improves the current state. For these reasons, I am voting FOR.
I voted FOR on this proposal, as it was adjusted to keep the Events Budget available for the rest of the period.
Regarding this specific question, a good place to have it would be in an upcoming proposal regarding yearly budgeting. If this is too far away, and if it makes sense (e.g., if the funds available on season 2 are relevant), we could put it in the proposal for sending it to the TMC.
The following reflects the views of L2BEAT’s governance team, composed of @krst, @Sinkas, and @Manugotsuka, and it’s based on their combined research, fact-checking, and ideation.
We’re voting FOR the proposal.
In our previous comment, we expressed our support for the consolidation of the USDC under ATMC, but we were sceptical of the dissolution of the DAO Events budget. With the proposal having been amended to remove the dissolution, we’re voting in favor.
Big proponent of effective treasury management and I this is good step towards achieving that. More assets put to work, meaning a win win situation. And I think consolidating funds makes the whole process operationally easier.
I believe there is no reason for these funds to just sit there doing nothing when they could be earning yield. The Events Budget still works exactly the same for the rest of 2025, the only change is we’re being smarter about where the money sits.
Same with the leftover ARDC and ADPC funds, it’s better to keep things moving instead of stalling or waiting on another full proposal just to put those funds to use.
Feels like a solid, common-sense move to make the DAO’s treasury work harder for us.