TMC’s Proposed Allocations

[JoJo]

Hello thanks for the results. A couple of things:

@threesigmaxyz

The four possible combined outcomes are:

• YES/YES.
• NO/YES.
• YES/NO
• NO/NO

Note. The first vote corresponds to the Stablecoin Allocation and the second to the ARB Allocation.

Please consider doing 2 separate snapshot votes for stables and arb strategies. As it is setup now, people will likely get confused. Stable strategy: yes/no. Arb strategy: yes/no.

@threesigmaxyz

We recommend a vote of YES for the Stablecoin Allocation and NO for the ARB Allocation.

Our analysis shows that the stablecoin strategies presented by the selected partners meet our criteria for DAO alignment, returns, risk management, etc.

Whereas the current ARB proposals lack sufficient risk management and clear operational details—resulting in low yield projections—we believe it is prudent to sit out on this allocation for now.

We obviously trust threesigma here as manager and risk advisor. But is extremely hard to have an opinionated vote not knowing the strategies and not knowing what risk parameters were not satisfied. Note that that while there is a brief description, the specific strategies are not publicly available (at least the links presented in this thread.

It also feel a bit odd that among all participants there was no feasible single side arb strategy available, when effectively even just depositing the arb in a yield protocol without borrowing any asset against it has a non zero apr (although, it introduces smart contract risk).

Note that this is not a critique. But as it is now, both votes would basically be blind votes here. Understanding that strategies might just be proprietary so not publicly available, better understanding the risks tied to the single side arb would at least help.

Thanks.