Origin has received an airdrop from Safe (formerly Gnosis Safe) as recognition of our security practices involving using a Safe for our operations. This token distribution rewards early users of their platform, with the airdrop valued at approximately $8,000 at the current time.
Given our ongoing Layer 2 expansion, starting with Arbitrum, and the necessity to bootstrap our growth alongside incoming ARB incentives, I suggest we allocate the proceeds from this airdrop as incentives for the wOETH pool on Arbitrum. This pool is set to be deployed on Balancer in collaboration with Gyroscope.
This would be executed by selling the SAFE tokens and converting them to ARB on Arbitrum to incentivize the pool.
By deploying these additional funds as incentives for the pool, we aim to establish a strong foundation for success on Arbitrum, ensuring deep liquidity in our pool. This initiative will give us a head start in the forthcoming ARB LTIPP program, in which we participate. It's an opportunity to re-invest the funds into Origin's growth.