There was 78k ARB spent on research in Q4 2023 from the Arbitrum Treasury and Sustainability Working Group that produced four independent reports:
- Aera - Arbitrum Treasury Management Report
- Avantgarde - Demystifying DAO Treasury Risk Reduction
- Centrifuge - Arbitrum Treasury Perspective
- karpatkey - Arbitrum Treasury and Sustainability Research
Out of this research produced by Centrifuge, Avantgarde, Aera, and karpatkey, I only found one mention about token swaps. This mention came from karpatkey and did not appear to be a significant recommendation.
Four industry leaders provided pages of documentation that, in their own way, suggested moving Arbitrum towards a consolidated treasury strategy that reduces risk and increases long-term sustainability.
@thedevanshmehta Considering token swaps were not a significantly recommended action, and actually goes further out in the risk curve in terms of treasury deployment and complexity, how is this justified or achieve the goal of treasury aside from virtue signalling? Also curious to see if there’s any data to back mid- to long-term outperformance of dApp tokens vis-a-vis L1/L2 token, given the general observation suggests otherwise.
My underlying concern is that this is yet another piecemeal treasury-related proposal that will not lend to a cohesive treasury plan or framework. It risks instantiating disconnected strategies with nebulous benefits, clear complexities and the impossibility of dismantling if gone awry.