Hey @paulofonseca, to address your questions on the OpCo conversions:
-
As of today, 16,006,487 ARB has been converted, generating a total of 6,436,125.72 USDC.
-
As it relates to the timeline of conversions, both the volatility in ARB price and macroeconomic conditions, as well as the necessity to convert funds for a multitude of DAO initiatives (i.e., D.A.O Season 3, Entropy, Audit Program, STEP 2 program) in parallel, require a shift in strategy to balance the needs of various DAO programs and minimize the impact of large-scale ARB sales. The Oversight and Transparency Committee was kept in the loop, and it was determined that full funds wouldn’t be needed in the short to medium term.
-
The conversion process related to OpCo is progressing and is expected to be fully completed by the end of Q1 2026.