Arbitrum DAO - Ventures
Gaming Catalyst Program (GCP)
The GCP multisig spent 1M ARB in September 2024, taking total spend to 1.35M ARB. The wallet therefore still has 223.65M ARB in it.
In September, Andrew Green stepped down from his position on the GCP Council, with John Kennedy appointed to the Council early in October. The DAO expects a transparency report to be issued shortly.
Arbitrum Ventures Initiative (AVI)
USD Budget
The AVI has processed the below transactions - swapping 163k ARB to USD87k with Wintermute's OTC desk - returning excess funding of 29k ARB to the DAO treasury The budget is outlined alongside - it is worth noting that the ARB was swapped for USD via a CEX and therefore cannot be tracked on-chain therefore we are unable to provide data around actual spend to date. Note that the initial budget asked for a 49.7k ARB buffer to ensure sufficient USD was obtained - that drove the return of 29k ARB mentioned above.
Market Consultation 12.9k (14.8%) Thesis Development 33.4k (38.4%)
Strategic Recommendations 22.9k (26.3%) Community Engagement 12.1k (14.0%) Project Management 5.8k (6.6%)
M&A for Arbitrum DAO
The M&A Pilot Phase concluded at the end of July 2024. The outcomes of the Pilot Phase was, among other things, a comprehensive summary report outlining the steps taken and workflows concluded over the period. The Pilot Phase concluded with the view that, while M&A is a strategic lever for the Arbitrum DAO for growth and stabilizing its operations while addressing the challenges of current capital allocation initiatives, now is not the right time for a large M&A fund. This is mainly due to several fundamental building blocks needing to be in place before large capital outlays should be approved.
The wallet has received: - 52k ARB from the DAO treasury wallet - 52.7k ARB from the ADPC wallet
It therefore holds 104.7k ARB. These funds were paid to the wallet as compensation for its holder's role in the ADPC and M&A programs and therefore has not been included in the DAO ARB holdings.
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