According to Odaily Planet Daily, 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 states that Strategic Partnership Program agreements typically exceed 2 million ARBs and have 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 approval rate is 99.02%, with approximately 28% of the votes cast by Wintermute.