# GFX Labs Delegate Communication Thread

**URL:** <https://forum.arbitrum.foundation/t/gfx-labs-delegate-communication-thread/13794>\
**Category:** Delegate Statements\
**Tags:** delegation, delegate-statements\
**Created:** [April 12, 2023, 10:44am UTC](https://forum.arbitrum.foundation/t/gfx-labs-delegate-communication-thread/13794 "2023-04-12T10:44:42Z")\
**Posts on this page:** 1\
**Showing post:** 84

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**Author:** ![GFXlabs](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/gfxlabs/32/321_2.png) [@GFXlabs](https://forum.arbitrum.foundation/u/GFXlabs)\
**Post date:** [May 7, 2025, 2:26pm UTC](https://forum.arbitrum.foundation/t/gfx-labs-delegate-communication-thread/13794/84 "2025-05-07T14:26:31Z")

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**2 Polls Closing May 8, 2025**

[Approval of STEP 2 Committee’s Preferred Allocations  
 ](https://snapshot.box/#/s:arbitrumfoundation.eth/proposal/0xd67d17db3bd230b163ce1f791d8712812446bced14ef2de875fd01ab3e2be3d6) **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](https://forum.arbitrum.foundation/t/wisdomtree-wtgxx-step-application/28756): 30%

[Spiko USTBL](https://forum.arbitrum.foundation/t/step-2-application-spiko-ustbl/28752): 35%  
[Franklin Templeton FOBXX (BENJI)](https://forum.arbitrum.foundation/t/franklin-onchain-u-s-government-money-fund-fobxx-step-application/23655): 35%

**Recommendation: Vote For.** GFX Labs served on the STEP 2 committee that made these recommendations. [More information can be found here](https://forum.arbitrum.foundation/t/step-2-committee-preferred-allocations/29086).

[[Non-consitutional]: Top-up for Hackathon Continuation Program  
 ](https://snapshot.box/#/s:arbitrumfoundation.eth/proposal/0xbb7500b713ccf4eff3f2dcb61e3c9d8db5ed5628a4b2f891656a0c0de98907bd) **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](https://forum.arbitrum.foundation/t/proposal-non-consitutional-top-up-for-hackathon-continuation-program/29064/2), 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.

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_[View the full topic](https://forum.arbitrum.foundation/t/gfx-labs-delegate-communication-thread/13794)._