Unlock Protocol

Goal of the proposal

This proposal requests to use 23000 ARB from the tokens given to Unlock Protocol DAO by ArbitrumDAO to buy back and burn UDT. If successful, we can later submit more proposal to approve more tokens.

Current situation of DAO’s ARB Tokens

- total: 66800.0 ARB.
- DAO ALIAS Address (On Arbitrum): [0x28ffDfB0A6e6E06E95B3A1f928Dc4024240bD87c](https://arbiscan.io/address/0x28ffDfB0A6e6E06E95B3A1f928Dc4024240bD87c)

For Reference, this is the thread on Discord

About the proposal

The proposal contains a single call to the Arbitrum Delayed Inbox Contract's `createRetryableTicket` function on mainnet to create a `Retryable Ticket` that will attempt to execute an L2 request to the ARB token contract to approve 23000.0 of token from the Timelock L2 Alias address `0x28ffDfB0A6e6E06E95B3A1f928Dc4024240bD87c` to the [swap and burn contract](https://arbiscan.io/address/0x52818DF6575d88Fd1AFBd63071078D6374c11F16) - `approve(0x52818DF6575d88Fd1AFBd63071078D6374c11F16,23000.0)`.

Once approved and executed, the request will be sent to the Delayed Inbox contract and a ticket is created.

Note that, this function forces the sender to provide a reasonable amount of funds (at least enough to submitting, and attempting to executing the ticket), but that doesn't guarantee a successful auto-redemption. [Checkout arbitrum docs for more info.](https://docs.arbitrum.io/arbos/l1-to-l2-messaging).

Thank you!