[Non-Constitutional] Arbitrum Token Swap Pilot Program

📡 Protocol
Our Vote
For
Type of Vote
Off-chain
Rationale

While we acknowledge various concerns related to this program, we support the experimental nature of it and rely on the judgement and evaluations done by the selected program members. As GFX mentioned, the budget wouldn’t be used if the token swap doesn’t make sense. We see similar programs done by other DAOs while they are not necessarily proven successful yet. Many pointed out the risks, but there will be potential upsides that the DAO can take from this program and we believe it’s worth looking into. We would request changes if it goes to the onchain though: 1) as other delegates suggested, the lock-in period should be longer like 2-years for Arbitrum and target protocols to be aligned for the long term. 2) considering the experimental nature of the program, the compensations should be somehow split into an advance as the minimum base, and retroactive rewards based on successful token swap cases, otherwise, the program would pay out much expense without any success case (or lead to unnecessary pressure to the members to make some token swap happen.)

Vote Date
October 24, 2024