Arbitrum DAO - Treasury
Arbitrum Stable Treasury Endowment Program (STEP)
The STEP report, covering 1 - 31 December 2024, was published on the forum and is summarized below (this is the most recent report). STEP Allocations
Market Value 31 Dec 2024 $30.5M Interest Earned (YTD) $196k Yield YTD (Cash on Cash) 0.65%
9.5m
9.6m
5.2m
5.3m
5.2m
5.2m
3.5m
3.5m
3.5m
3.5m
3.5m
3.5m
Securitize BUIDL
Ondo USDY
Superstate USTB
Mountain USDM
OpenEden TBill
Backed Finance blB01
USD Cost 30.3m USD Market Value 30.5m
Yield YTD Cash on Cash
USD Cost Interest Earned
Securitize BUIDL
9,523,937 5,194,875 5,194,875 3,463,250 3,468,250 3,463,250 30,308,437
58,390 26,859 56,403 34,966 13,342 195,756 5,796
0.61% 0.52% 1.09% 1.01% 0.17% 0.39% 0.65%
OndoUSDY
Superstate USTB Mountain USDM OpenEden TBill
Backed Finance blB01
Total
Other updates posted by the program manager included:
Securitize/Blackrock
Following BUIDL’s integrations with stablecoins from Ethena, Usual, and Frax, Securitize is working to add these tokens for additional on-chain redemption options.
OpenEden
OpenEden’s TBILL is now roughly 5% backed by Securitize/Blackrock’s BUIDL, with the goal of enhancing both liquidity and portfolio diversification.
Treasury Management V1.2
Both treasury management streams (Treasury Management and Growth) are currently in the RFP process, with no funding deployed to date. Note the "spend" in December has been removed from figures and will rather be added when the funds are moved out of the DAO-controlled multisigs.
Treasury Management Committee
Growth Management Committee
Austin Campbell (WSPN USA) $20k per milestone ($60k total)
Entropy Advisors
Three Sigma
Make Markets
Callen (Wintermute) $20k per milestone ($60k total)
Llama Risk
Waiving Payment
$20k per milestone ($60k total)
$20k per milestone ($60k total)
$20k per milestone ($60k total)
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