After consideration Treasure’s Arbitrum Representative Council (ARC) would like to share the following feedback on the proposal
We voted FOR this proposal at Snapshot.
Thank you for presenting the comprehensive proposal detailing the funding of Pilot Programs and the potential expansion into the M&A vertical for our DAO. Initially, we had reservations about opting for direct governance to fund a small pilot program, particularly when considering alternative grant initiatives such as the PL Firestarter. However, we recognize the importance of ensuring visibility and buy-in from the DAO community and, thus, see the rationale behind proceeding with a Snapshot vote.
Regarding the M&A vertical expansion, we find the idea intriguing and believe exploring it through a pilot phase is prudent. This allows us to gauge suitability and assess complexities without committing fully upfront. The prospect of establishing an M&A arm within our DAO is indeed unprecedented and presents both challenges and exciting opportunities for growth. However, the proposed pilot phase will provide us with valuable insights to assess these challenges and gauge potential benefit before proceeding with a more comprehensive proposal.
Additionally, the research into potential acquisition targets and ecosystem integration dynamics will be interesting information to understand, irrespective of the eventual outcome. The strategic information gathered during this process could help shape the future trajectory of our DAO and so we are supportive of the M&A Pilot program. This does not neccessily translate to full support of an M&A program at Arbitrum, we will take thing one step at a time.