Voting 2024-11-16T16:00:00Z
[Snapshot] [Non-Constitutional] Treasury Management v1.2 - Voted Against
I don’t think my concerns were solved by the new proposal version:
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How will 15M ARB be swapped to stablecoins within 3 months? Will it be sold directly on CEXs or via OTC? Could this cause significant market volatility? Given the current liquidity shortage, 15M ARB represents a large selling pressure. If not handled properly, it could harm all ARB holders and the overall interests of Arbitrum DAO. Is there a detailed plan in place?
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How can we ensure the security of funds during transfers and subsequent management? Will the ARB and ETH stay on-chain, or be moved to CEXs? If transferred to CEXs, maintaining full transparency will be challenging. What contingency plans are in place in case of a hack or theft?
So I’m voting against for now.