1 Poll Closing November 21, 2024
[Non-Constitutional] Treasury Management v1.2
Summary: This poll asks if ARB holders support the formation of two 3-person committees to handle management of ARB, stables from ARB sales, and ETH from the sequencer revenues. This proposal is extensive, so please review the full details here.
Recommendation: Vote Against. This is an excellent example of why approval of an initiative should not usually include a choice of service providers. In particular, we are not in favor of one of the choices for the Treasury Management Committee, Austin Campbell. We have never had any significant contact or dealings with Austin, and were surprised by one of his major qualifications being the inclusion of USDP in the MakerDAO PSM. As longtime MakerDAO contributors, we outlined how this is inconsistent with the facts as we know them. Austin has not produced any documentation or references, and has not satisfactorily explained how his claim is consistent with the evidence and our own recollection.
Overall, we support the concept of this proposal, but there is no way to unbundle the service providers and the roles they will fill. We do not support all of these service provider choices, nor think that money should be managed without a firm conclusion to diligence on the service providers. As a result, we vote against, and hope the service provider selections will be separately voted upon or revised before moving this proposal to Tally.