Considering the receiver is to Arbitrum DAO treasury, it would be to DAO first. In terms of what to do with it, I think that will require a proposal that prompts actions. However, overall, I think the default option is to let it sit on the treasury and also ideally, SYND team can present themselves in Arbitrum DAO governance as meta governance itself requires efforts. so in other cases, just holding for now.
Agreeing with Doo here. We should take this opportunity to let the Syndacate team present to us a case on how these funds could/should be used, if there is any utility value wise that can bring either some capital in our treasury, or support to their protocol (ideally both), in a way that requires a semi-passive management like we do for the ETH treasury.
Would ask to the @Arbitrum Foundation to get in touch with the team and potentially coordinating a post in the forum about this topic if they are interested.
hi guys - raihan from syndicate here; where I work with ecosystem projects/partnerships
As noted by @TempeTechie in OP, we are building actively on/with Nitro, and are in touch with many of the core Arbitrum team, as well as folks at Offchain Labs.
For some context, Syndicate’s main offering is smart sequencing for appchains. Many on-chain projects run into issues with managing transaction volume, transaction ordering, or some combination of the two. This can affect project uptime, revenues, etc. We have seen this first hand while running projects with Nike, Degen and others. Our solution aims to mitigate these issues. You can read more at our docs page.
Our goal with our “Communities First” airdrop was to show some love to the projects who have moved the space forward in an impactful way, and to demonstrate that DAOs/communities can still have a say in their governance, funding and more. In a time when so many projects just put up a simple claim page, we wanted to go beyond and empower communities.
It’s not our place to steer the community’s governance solely from the airdrop, but as engaged builders on Arbitrum, I do want to offer a few ideas. Right off the bat:
There will be a SYND governance portal hosted by our pals at Agora; of course, it would be an honor to have some DAO members from here be a part of our future.
We’d love to work with existing DAO and org members to support Arbitrum aligned appchains, as best as we can.
Down the line, it would be appreciated if we could secure an overall license for all Syndicate affiliated appchains, since they will be using Arb tooling. We’re considering follow-up proposals around the license as well.
Happy to be a part of the community and excited to keep stuff moving forward.
We’re reachable on X and Farcaster. My personal X acct is here (it is mostly just techno and bad puns, but I am always here to chat with members and projects!)
I also got in touch with Will (Syndicate founder) and he said that the Syndicate team would be happy to have a call with the Arbitrum DAO to present Syndicate and their vision. I’ll ask him to set up a chat group with you to coordinate the date and time.
