As token holders and representatives of token holders, we question how service providers can mitigate the price impact of selling 15 million ARB tokens, given the token’s decline over the past year across various market conditions. We strongly believe that converting to stablecoins is not appropriate in the current context and does not serve the interests of stakeholders. Deploying ARB alone in large quantities offers little yield advantage over simply holding ARB in a wallet. Therefore, we will vote for the “deploy nothing” option as our preferred choice.