2 Polls Closing May 8, 2025
Approval of STEP 2 Committee’s Preferred Allocations
Summary: This poll asks ARB holders if they wish to approve the recommended allocations for the second round of the STEP. Proceeds from the sale of 35,000,000 ARB (~$10.65m today) would be deployed in the following proportion:
WisdomTree WTGXX: 30%
Spiko USTBL: 35%
Franklin Templeton FOBXX (BENJI): 35%
Recommendation: Vote For. GFX Labs served on the STEP 2 committee that made these recommendations. More information can be found here.
[Non-consitutional]: Top-up for Hackathon Continuation Program
Summary: Market conditions led to an underfunding of the Hackathon Continuation Program when ARB was liquidated to fund the USD-denominated authorized budget.
This proposal authorizes the transfer of a $89,980 of unused funds from the Season 1 Domain Allocator grants program to the Hackathon Continuation Program to cover this shortfall.
No new funds would be transferred from the governance treasury.
Voting options:
A. only top-up the HCP: top-up the HCP and leftover funds to the DAO
B. yes to both: top-up the HCP and leftover funds to the TMC
C. against: all funds to the DAO (don’t top-up the HCP nor TMC)
D. abstain
Recommendation: Vote Yes to Both. This is a reasonable way to use unutilized funds to cover the shortfall on an already-authorized budget item. As we pointed out on the forum here, governance should work to get a streamlined workflow process to cover these kinds of requests in the future, preferably in a way that combines TMC and STEP assets as available sources of funding.