Voted in favour. I like the proposal as a whole, and even though the members of the GMC and TMC were “pre-selected”, the teams look interdisciplinary and I didn’t think that enticed a block.
I do think however that in the future (and even if they perform well) members should be elected via election vote. As for the Treasury Diversification itself, selling ARB for USD to be used and attempt mitigating volatility for Service Providers payments is basically transferring the “disadvantage” to the open market (LPs if this is sold via DEX), but I agree it’s also important to stay competitive to attract blockchain talent.
Farming with idle ARB and ETH is a good idea, especially for ETH if it’s deployed to lower risk strategies like established LSTs. I’m not sure how feasible “ARB-only” lower risk opportunities are, they are all mostly multichain.
I do agree with some comments/feedback regarding the complexities of having two separate councils, but I also liked that fees are not performance-based, but rather a flat fee based on milestones. Interesting to see how this performs.