On June 18th, according to the Snapshot governance interface, a proposal initiated by the Arbitrum community to grant the Arbitrum DAO the right to borrow stablecoins using ARB and use them for donations and investments was not passed, with a voting opposition rate of 88.38%. The proposal stated that the Arbitrum treasury holds $3.8 billion worth of ARB tokens, and long-term diversification is key, but the community still needs funds for donations, financial management, and mergers and acquisitions. Developing a stablecoin lending strategy provides more choices and power for the Arbitrum DAO.