The proposal addresses several pressing issues hindering the DAO’s efficiency and growth potential. By establishing the Treasury Management and Growth Management committees, Arbitrum DAO can strategically manage its assets to ensure operational stability and foster ecosystem expansion.
This proposal is a comprehensive and well-considered approach to optimizing the Arbitrum DAO’s treasury management. We at Castle are in favour of this, with some caveats:
- We understand the need to appoint members with the right skills and experience to the specific committees. However, a process should be in place to propose and vote out committee members to ensure the governance process continues to be upheld.
- Regarding the allocation of ARB and ETH now without a defined budget, we suggest a timeline be included in this proposal when the respective committees will revert with a budget breakdown and schedule for regular updates on planned budget utilization.
- The plan for converting ARB tokens into stables should also be a point for the committee responsible to revert to the DAO prior to execution.
- How will the committees under Treasury Management be aligned with other initiatives?
- There should be a performance component to the Committee compensation and not solely be reliant on a fixed fee… we want to ensure the committee is incentivized to achieve the best possible result for the funds managed
This proposal proposes too many shortcuts, and more needs to be detailed out and verbalized to mitigate and potentially address potential risks by selecting this path forward. We look forward to a response clarifying the above concerns.