The PoolCollective voted against, following the Tooling Committee’s recommendation.
Unfortunately, the proposal seems to have been endorsed for Snapshot prematurely.
I don’t see the size of the ask as a problem here. The issue is the usage of funds that do not align with the “no sale rule” that is laid out by Optimism governance.
A basic pivot to distributing $OP instead of exchanging it for $ETH first, would solve the problem and fund a highly beneficial Optimism native project. Hoping to see a refined proposal up on Snapshot again next cycle.