TMC - Stablecoin Withdrawal Process

DAO Programs & Initiatives Treasury Mgmt v1.2 - TM Track (ARB and Stables)
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I support the proposal. The inefficiency in covering the stablecoin budget shortfalls risks discouraging developers and service providers from engaging with Arbitrum, as the burden of navigating governance for small top-ups is disproportionate to the issue at hand.

However, I do think the DAO, AF, and TMC should have better visibility over the overall budget status of the live projects/initiatives/proposals, etc. so as to better keep track of the potential shortfalls. We can not only better monitor the budget status of the live projects/initiatives/proposals, etc. but also have a clear idea of the amount of ARB sold in each month.

To address this, I propose the following enhancements to the TMC process, building on community feedback:

  1. Mandatory Budget Tracking
    1. Require all live proposals/initiatives to report budget status (allocated, spent, projected, shortfall in both ARB and USD terms) to TMC monthly.
    2. TMC should publish a monthly Google Sheet summarizing this data, alongside yields earned by each treasury manager.
    3. This transparency would help the DAO and AF anticipate shortfalls proactively and also track the budget status of all live proposals/initiatives.
  2. Unspent Fund Management
    1. Mandate that all unspent budgets return to TMC within 30 days of program completion, to be allocated proportionally across treasury managers’ yield strategies.
    2. This would optimize yield generation and increase funds available for shortfall coverage.
  3. Streamlined Governance
    1. Adopt an optimistic governance model for shortfall requests.
    2. As what TMC proposed, all proposals/initiatives must have included language specifying the use of the checking account in the case of shortfalls.
    3. In case of shortfalls, proposals/initiatives can tag the Arbitrum Foundation in a forum comment under the original forum post, stipulating the amount of stablecoins being requested and where the funds should be sent.
    4. The Foundation will have complete discretion over which requests get approved or denied.

These changes would create a more efficient, transparent system to support service providers while preserving treasury discipline. I’d love to hear others’ thoughts on these ideas—particularly how we can balance proactive shortfall management with the DAO’s governance principles.

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