The proposal by Arbitrum DAO to invest 7500 ETH in non-native projects has sparked controversy in the community

Bitget App

Trade smarter

Bitget2025/02/24 00:47

News on February 24, according to TheBlock report, the ArbitrumDAO Growth Management Committee (GMC) recently proposed investing 7500ETH in Lido, Aave and Fluid, three non-Arbitrum native protocols, sparking strong controversy within the community. The specific investment plan includes investing 5000ETH in Lido to obtain wstETH and then depositing it into AaveV3 with an expected annual yield of 4.54%; another 2500ETH will be invested in the Fluid lending platform with an expected return rate of 1-2%. Several DAO representatives criticized this proposal for ignoring Arbitrum's native projects and suggested allocating at least 10% of funds to local protocols. This proposal will be voted on next Thursday.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

Data: BTC options expiration of 143,000 contracts with a max pain point at $98,000; ETH options expiration of 572,000 contracts with a max pain point at $3,400.

Qian Fenglei, Chairman of Hengfeng International Group, donates HK$12 million to urgently support the fire rescue at Hong Fook Court in Tai Po.