Arbitrum DAO - Treasury contd.
Stable Treasury Endowment Program 2.0
Allocations for the STEP 2.0 program were approved on Snapshot during May 2025. The allocations are: - WisdomTree WTGXX: 30%; - Spiko USTBL: 35%; and - Franklin Templeton FOBXX (BENJI): 35%
Given the volatility of ARB prices, the amount allocated to the above protocols had not been converted into USD and deployed as at the end of April. A send event of 206k ARB to a Kraken wallet did occur in April 2025.
Treasury Management V1.2
During March 2025, Snapshot votes closed to decide on the next steps in the Treasury Management proposal.
TMC Stablecoin Recommendation
The DAO voted YES to allocate 15M ARB (to be converted into stablecoins by the Foundation) to: - Karpatkey - Avantgarde & Myso - Gauntlet
Funding will be split equally between the above parties.
TMC ARB Recommendation
The DAO voted NO to allocating 10M ARB to: - Karpatkey - Avantgarde & Myso for ARB-only strategies.
GMC's Preferred Allocations (7,500 ETH)
The DAO voted YES to allocating 7.5k ETh as outlined below: - 5k ETH to Lido for liquid staking - 4.2k ETH to Aave to encourage LRT borrowing against wstETH in collaboration with Lido, Aave, Renzo, and Kelp - 2.5k ETH to Fluid to lend on their Arbitrum platform - 0.8k ETH to Camelot as single sided liquidity into the wstETH/ETH liquidity pool on Camelot V3
Note the 4.2k ETH for Aave and the 0.8k ETH for Camelot are stETH (as wstETH) from the 5k ETH allocated to Lido (i.e. the stETH from Lido will be deployed on Aave and Camelot). The multisig still holds the full treasury management allocation (26M ARB), and holds 2.5k ETH for the growth management allocation (5k ETH was deployed from the multisig during April 2025).
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