Arbitrum proposes to give Arbitrum DAO the right to use ARB to lend stablecoins, with nearly 80% opposing it

The Snapshot governance interface shows that Arbitrum has launched a pilot proposal to give Arbitrum DAO the right to use ARB to borrow stablecoins and use stablecoins for grants and investments. The proposal states that Arbitrum has $3.8 billion worth of ARB tokens in its treasury, and long-term diversification is key, but the community now also needs to obtain funds for grants, financial management, mergers and acquisitions, and other operations. Developing a lending strategy for stablecoins provides Arbitrum DAO with more options and power. Data shows that the proposal has an opposition rate of nearly 80%, and voting will end on June 18.