The below response reflects the views of L2BEAT’s governance team, composed of @kaereste and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
We had supported the previous proposal for treasury diversification and we’re also supportive of the current proposal. With the recent price increase in ARB and the overall strength of the market, we think it’s a good spot to sell some of the treasury’s holdings to be able to cover ongoing expenses.
However, as we pointed out during the last vote as well, it might be worth investing some time and effort in creating a more holistic approach to treasury management.