Arbitrum DAO proposes investment of 7500 ETH to non-native projects sparks community controversy
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On February 24, according to TheBlock, the ArbitrumDAO Growth Management Committee (GMC) recently proposed to invest 7500ETH in three non-Arbitrum native agreements, Lido, Aave and Fluid, which has caused strong controversy in the community. The specific investment plan includes investing 5000 ETH in Lido to obtain wstETH, and then depositing it into AaveV3, with an expected annualized return of 4.54%; and 2500 ETH will invest in the Fluid lending platform, with an expected return of 1-2%. Several DAO representatives criticized the proposal for neglecting the Arbitrum eco-native project and recommended at least 10% of the funds to be allocated to local agreements. The proposal will be voted on next Thursday