The following reflects the views of GMX’s Governance Committee, and is based on the combined research, evaluation, consensus, and ideation of various committee members.
We would be voting against the proposal. As stated earlier, the Arbitrum strategy heavily revolves around a single protocol, introducing significant risk. Given the current market conditions, deploying the ARB strategy could be highly risky. If the price of ARB declines, the returns generated from the proposed strategies may not justify the risk taken. We also saw this during LTIPP when the price of ARB was dropping, as protocols were unable to generate good returns even after running incentives.