Transfer 8,500 ETH from the Treasury to ATMC’s ETH Treasury Strategies

Proposals Finalized AIPs
16

I’m voting AGAINST

  • No Approved Strategy
    It’s premature to transfer ETH before a concrete and approved plan exists. I believe it’s not the right approach to transfer funds first and only then decide how to use them.
    Why not approve or at least outline the strategies beforehand, and only then move the funds?

  • Yield Is Low, Delay Isn’t Costly
    Expected yield is only ≈2.4% annually. A short delay to approve a strategy won’t materially affect returns but would improve transparency.

  • Transfer Alone Creates No Value
    Moving funds from one wallet to another, without clear execution plans, does not increase efficiency or benefit the ecosystem.

  • DAO Loses Control
    There’s no real role for the DAO in this scheme.
    All decisions are approved solely by the OAT committee.
    I don’t see how the DAO can influence these decisions in any meaningful way, which is why it’s so important to first know which strategies these funds will be allocated to, before transferring them. That’s a governance gap for such a large sum.

4 Likes
Cp0x Delegate Communication Thread