Payment of Front-End Fee in ARB Tokens for ApeBond Bonding Services

Goal of the Proposal

This proposal requests approval to use ARB tokens from the Unlock Protocol DAO treasury (received from ArbitrumDAO) to pay ApeBond's front-end fee for their bonding services.

Current Treasury Status

• Total ARB Balance: 23294.000000000000000003 ARB
• DAO ALIAS Address (On Arbitrum): 0x28ffDfB0A6e6E06E95B3A1f928Dc4024240bD87c

Reference

Snapshot temperature check for Front-End Fee Payment

Payment Details

1. Service Fee: 5% front-end fee for ApeBond's bonding services
2. Total Amount: $4,000 (calculated from $80,000 bonding transaction)
3. Payment Method: ARB tokens from DAO treasury
4. Recipient: ApeBond wallet (0x76E010758D2AE3B81973e2047cE70168CcaE2AbF)

Rationale

1. Treasury Optimization: Using existing ARB tokens from treasury
2. Asset Preservation: Avoiding liquidation of UP tokens or stablecoins
3. Operational Efficiency: Streamlined payment process using available assets

Technical Implementation

The proposal executes a single call to the Arbitrum Delayed Inbox Contract's createRetryableTicket function on mainnet that will:

1. Create a Retryable Ticket for L2 execution
2. Transfer 5855.0 ARB (~$4000) tokens @ 0.6832 ARB/USDC
3. From: Timelock L2 Alias address (0x28ffDfB0A6e6E06E95B3A1f928Dc4024240bD87c)
4. To: Receiver Contract

Note: While the function requires sufficient funds for submission and execution attempts, successful auto-redemption is not guaranteed. For more details, see Arbitrum documentation.