Arbitrum DAO Proposal to Invest 7500 ETH in a Non-Native Project Sparks Community Controversy

BlockBeats News, February 24th, according to The Block, the Arbitrum DAO Growth Management Committee (GMC) recently proposed to invest 7500 ETH in Lido, Aave, and Fluid, three non-Arbitrum native protocols, sparking strong community debate.

The specific investment plan includes investing 5000 ETH in Lido to acquire wstETH, which will then be deposited into Aave V3 with an expected annual return rate of 4.54%; in addition, 2500 ETH will be invested in the Fluid lending platform with an expected return rate of 1-2%.

Several DAO representatives criticized the proposal for overlooking native projects within the Arbitrum ecosystem and suggested allocating at least 10% of the funds to local protocols. The proposal will be put to a vote next Thursday.