I am personally not seeing the utility of a token swap between arbi treasury and others. The reasons are the following
- we basically create a really complex treasury to maintain. you have now 5, 10, whatever amount of coins in your belly that are not arb. What do you do with this? Do you sell them? If so, when? And since market is usually high correlated in downturn, why don’t skip all of this and just sell some arb at some point at peak of market if we really want to go down this route?
- the choice of asset is really difficult, and it any would potentially make sense only with DAOs that are of the same size. But then again: you do a treasury swap usually when both assets have similar characteristics, namely, staking and revenue mechanism, which currently arb doesn’t have. Approaching for example balancer, aave or others in this case would mean “take our coin. you can use it for governance, or to sell, we take your coin, we can use it for revenue, governance or to sell”. We also have a treasury as massive that most can’t be able to put on the plate.
- If I recall, the group was created to diversify some of the treasury into stables and yield bearing stables. Managing a treasury with riskier asset, and risk on asset, is a very different job, that not only explicits itself in different tasks (ie: if you get a stable now, you just need to monitor that stable doesn’t collapse; if you get a coin now, you have to put it at use and likely also sell it down the road), but also requires a different expertise.
