Strategic Treasury Management on Arbitrum

Pleasant surprise to wake up & see this proposal on Snapshot, I have voted “FOR”

I spoke with 3 prospective service providers on an endowment creation and would have personally chosen Karpatkey if it was up to me. The Avant Garde proposal lacked specifics on numbers and other details, mostly taking the position of requiring multiple endowment managers. Wave financial has yet to come up with a proposal and also lack the context into ARB DAO which Karpatkey has due to their painstaking work analysing our treasury and serving on the STEP committee.

Overall i think ARB DAO is moving in the right direction by shifting gears from grant expenditures to diversification. The DAO now has 3 broad and complementary diversification plus ecosystem growth initiatives;

  1. GCP which for gaming projects, long gestation periods and non liquid diversification
  2. The endowment, which i expect to be more De-Fi and crypto native in nature
  3. STEP which is RWA diversification and ecosystem growth

I like that karpatkey has included token swaps and ecosystem growth through liquidity provisioning in their final version. If any delegate feels that the DAO requires an endowment, they should approve the present proposal.