TechFlow news, February 24 — According to The Block, the Arbitrum DAO Growth Management Committee (GMC) recently proposed investing 7,500 ETH into three non-Arbitrum-native protocols—Lido, Aave, and Fluid—sparking strong controversy within the community.
The specific investment plan includes allocating 5,000 ETH to Lido to acquire wstETH, which would then be deposited into Aave V3, with an expected annual yield of 4.54%. The remaining 2,500 ETH would be invested in the Fluid lending platform, targeting an expected return of 1–2%.
Several DAO representatives criticized the proposal for overlooking native projects within the Arbitrum ecosystem, suggesting that at least 10% of the funds should be allocated to local protocols. The proposal will go to a vote next Thursday.
