The following proposal evaluates the consensus in the DAO to begin implementing the Arbitrum Strategic Treasury Management Group (ASTMG).
With DAO support, the ASTMG will be allocated 250M ARB to be managed by karpatkey to achieve long-term sustainability of the Arbitrum DAO and foster Ecosystem growth through transparent and accountable treasury management practices. All funds will be managed using the non-custodial tooling of Zodiac Modules and Aera Vaults. This tooling permits the DAO to retain oversight and ownership of the funds at all times while only allowing specific strategies to be employed by the ASTMG. The costs incurred from this initiative are a 1% management fee on the AUM of the ASTMG and a $180k ARB annual budget to support the DAO Oversight Committee.
Key outcomes supported by voting favourably on this proposal are:
Please review the proposal forum post for a full proposal description: https://forum.arbitrum.foundation/t/strategic-treasury-management-on-arbitrum/25301
Arbitrum has 3rd largest treasury of any DAO, but the treasury is unutilised mainly, posing threats to the sustainability and efficient resource allocation of the DAO. Effective treasury management will help the Arbitrum DAO achieve the following three goals:
The ASTMG's overarching objective is to act as the asset allocator for the Arbitrum ecosystem to ensure effective treasury management. This is the crucial first step to ensuring the DAO's sustainability.
Three main areas of priority for ASTMG would be:
The priorities would result in the following deliverables:
The DAO Oversight Committee will serve as a layer of checks & balances between the ASTMG and the DAO and will be responsible for:
Further details on platforms and technologies and the design of the ASTMG can be seen in the full forum post.
The proposers (karpatkey, Gauntlet) have engaged in extensive discussions with the ArbitrumDAO community. Following the approval of this Snapshot, this proposal will progress to on-chain voting via Tally. It will incorporate feedback received and provide a more in-depth explanation of the execution as needed.
Stage | Timeline | Description |
---|---|---|
Snapshot Voting for ASTMG | August 2024 | Temperature and consensus check. This proposal. |
Tally Voting for ASTMG | August 2024 | On-chain voting to formalise the ASTMG following a successful Snapshot vote. |
DAO Oversight Committee Nomination | September 2024 | 1 week application window will open 2 days after the passing of the Tally Vote. The community can nominate to serve on the oversight committee. |
DAO Oversight Committee Voting | September 2024 | Election of the DAO Oversight Committee will open 5 days after the close of the application period via Snapshot Vote (weighted voting). This formally elects qualified candidates. |