1inch initiated a proposal to "exchange approximately 2.5 million ARB tokens for USDC and bridge them to the Ethereum mainnet."
ChainCatcher news, 1inch has initiated a new proposal to exchange all ARB tokens on Arbitrum One (the 1inch DAO treasury received an airdrop of 2,575,405 ARB tokens in April 2023) for USDC, and then bridge these USDC funds to the 1inch DAO treasury on the Ethereum mainnet.
The proposal aims to maximize the value of the received ARB tokens and reduce the risk of volatile assets.
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