Lampros DAO Delegate Communication Thread

[Euphoria]

Snapshot Votes

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1. Request to Increase the Stylus Sprint Committee’s Budget
   Voted - FOR
   Reason -

@Euphoria

The following reflects the views of the Lampros DAO governance team, composed of Chain_L (@Blueweb), @Euphoria, and Hirangi Pandya (@Nyx), based on our combined research, analysis, and ideation.

We are voting FOR this proposal in the Snapshot voting.

Stylus has huge potential, and its growth is key to strengthening Arbitrum’s ecosystem. We trust the reviewing committee, and providing additional funding ensures that high-quality projects are not left behind due to budget limits, which ultimately benefits the ecosystem.

The recommended list of projects includes strong applications that, if delayed for another round of funding, could slow down the growth of Stylus. By supporting these projects now, we allow more teams to contribute and help Stylus reach its full potential.

For these reasons, we support this proposal and the teams working to build on Stylus. We look forward to seeing the progress and impact of these funded projects.

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Tally Votes

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1. OpCo: A DAO-adjacent Entity for Strategy Execution
   Voted - FOR
   Reason -

@Euphoria

The following reflects the views of the Lampros DAO governance team, composed of Chain_L (@Blueweb), @Euphoria, and Hirangi Pandya (@Nyx), based on our combined research, analysis, and ideation.

We are voting FOR this proposal in Tally voting.

Moving from Snapshot to Tally, and noting the budget adjustment based on the current state of the market, we maintain our position, trusting in OpCo’s ability to effectively manage the outlined responsibilities.

As @krst mentioned:

@krst

For the second question, we expect Entropy and the Arbitrum Foundation to step in and help source the right people. Since the newly formed and DAO-elected OAT will hire for the executive-level positions, we want to ensure that they will have access to a solid pipeline of candidates.

The selection of the team, especially the OAT members, is critical. We agree with the suggestion that Entropy and the Arbitrum Foundation can actively help find the right people for these roles.

It’s important that the team formed for 30 months as mentioned in the proposal should be capable, disciplined, and determined enough to support the growth of Arbitrum until that time and not to drop in between.

We believe OpCo’s strategic management and operational capabilities could greatly enhance our ability to prioritize and deploy new projects, making our ecosystem stronger and more dynamic. We trust this initiative will keep power decentralized, protecting the future of Arbitrum.

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2. Non-Constitutional: Stable Treasury Endowment Program 2.0
   Voted - FOR
   Reason -

@Blueweb

The following reflects the views of the Lampros DAO governance team, composed of Chain_L (@Blueweb), @Euphoria, and Hirangi Pandya (@Nyx), based on our combined research, analysis, and ideation.

We are voting FOR this proposal in Tally voting.

We support this proposal on Tally for diversifying an additional 35 million ARB into stable assets, emphasizing prudent financial management.

Drawing on STEP 1.0, where the average conversion rate of ARB to USD over seven weeks was $0.87, we see the potential for managing conversions to avoid further price depreciation.

With the current ARB price at a bearish $0.46, converting now could significantly impact our recovery time. A conversion at such a low price could necessitate a nearly 90% gain, translating to a recovery period of approximately 14 years at a 5% CAGR.
It’s crucial to avoid hasty conversions that could undermine ARB’s price stability. Instead, we advocate for a cautious approach that waits for more favourable market conditions, ensuring the DAO’s actions align with long-term financial health and stability. It’s true we cannot get the best price but we believe liquidating in the low 10 percentile of the ARB’s historical price means taking a loss to gain later(14 years min).

This perspective isn’t about hastening to earn yield; it’s about safeguarding our assets against market lows and strategically planning for financial resilience.