According to ChainCatcher, according to the Snapshot governance page, Wintermute initiated a proposal to apply for 250 million ARBs, which are planned to be used to support the Arbitrum Foundation in cultivating strategic partners.

The proposal stated that the strategic partner program agreement usually exceeds 2 million ARBs, with an average term of 2.1 years. The proposal further emphasized that the strategic partner budget is already very tight compared to competitors such as Starknet and Optimism.

The current proposal support rate is 99.02%, and about 28% of the votes in favor were cast by Wintermute.