The following reflects the views of L2BEAT’s governance team, composed of @krst and @Manugotsuka, and it’s based on their combined research, fact-checking, and ideation.
We voted FOR.
We support the general direction of improving capital efficiency within the DAO’s treasury. Reducing idle balances and generating yield make sense and align with good treasury management practices, especially if they help ensure that the DAO’s assets are used productively.
That said, increasing the allocation to the TMC also increases the DAO’s exposure to active treasury strategies. While recent events (e.g., the Resolv incident) showed that current managers can handle adverse conditions without losses, they also made clear that the treasury operates in complex DeFi environments and is exposed to second-order risks.
Because of this, any further allocation should come with continued (and even increased) scrutiny around risk frameworks, exposure limits, and overall strategy transparency.
Another point is that this proposal doesn’t introduce a clearly defined deployment strategy for the additional funds. Instead, it increases reliance on the ATMC’s discretion within its existing mandate. While this may improve operational efficiency, it also reinforces the importance of clear reporting and accountability as the size of managed assets grows.