Silo Arbitrum Revenue Buyback Proposal

TLDR;

• Use SiloDAO’s revenue that was realized on Silo Arbitrum to execute a $100,000 TWAP buyback over two months utilizing CowSwap.
• Following the two months, claim Silo Arbitrum protocol revenue to execute TWAP SILO buybacks every month.

Proposal

Recently, the DAO executed its first revenue claim, accruing just over $300,000 in revenue, of which ⅓ or ~$91,000 came solely from Arbitrum. We propose to use revenues generated from Silo Arbitrum to market-buy $SILO using CowSwap’s TWAP feature over the next 2 months.

To make the buyback program continuous, we propose to use Silo Arbitrum monthly protocol revenue via regular claim-buyback actions using CowSwap’s TWAP feature on Mainnet. The proposal aligns with the previous proposal to perform buybacks to fund future incentive programs.

Voting Options

• For
• Against