Strategic Treasury Management on Arbitrum

As a temp-check, we are in support of the general direction that the DAO should take for the treasury management. We are grateful of the extensive involvement from Karpatkey and Gauntlet. We don’t necessarily agree with the requirement that the DAO needs to set up a RFP for multiple service providers to apply for; With the reasonable proposal to kick start the important functions of the DAO, the DAO should practically choose the currently available and best options. The proposal includes the Oversight Committee and reporting requirements, which should work for the DAO to diligently monitor what the initiative will have been doing. Giving too much concerns before kickstarting things off would lead to huge opportunity costs. We would only ask clearer responsibilities that the initiative will take on while having a relatively high management fee (1% vs. 0.5% on the other protocol) before the onchain voting and a possible adjustment to the size of the fund to be managed based on the current market.