IIP-04 : Treasury management (Take III)

Dear Ibexs, this proposal seeks approval to utilize an additional 150 000 ARBs from our Arbitrum allocation (currently comprising 300 000 ARB held by the multi-signature address 0x7f959c082bc30F3EA88187Fac1a640438aD7bF20) and protocol-owned liquidity (0xec1419968f6E1641138f53796c69E6c5aC16BBfD).

The purpose is to transfer these ARBs to the protocol address for conversion into ETH.

Motivation

This IIP is driven by the objective of diversifying the treasury holdings of the protocol, mitigating the current concentration risk associated with our heavily ARB-exposed treasury.

Specifications

If this proposal is approved:

We will strategically convert ARB into ETH, anticipating multiple transactions rather than a single transaction. Proceeds from the conversion will be sent back to the multi-signature address until required for designated purposes. The funds will not be utilized for personal expenses or salary disbursements.