The following reflects the views of the Lampros DAO governance team, composed of Chain_L (@Blueweb), @Euphoria, and Hirangi Pandya (@Nyx), based on our combined research, analysis, and ideation.
We are voting NO, Deploy Nothing for the ARB Strategy in the Snapshot voting.
We are not in favor of proceeding with the ARB strategy in its current form. As we mentioned in our previous rationale, covered calls appear to be the right approach for a native token yield strategy, but there is a lack of clarity around key operational details, particularly how ARB will be reacquired once it is converted to stablecoins after hitting the strike price.
We do not believe that current market conditions are unfavorable, as heightened volatility could potentially lead to higher yields for ARB. Given this, we look forward to the next set of recommendations and expect to see ARB generating stable yields for the treasury in the near future.