Treasury
The Arbitrum DAO's treasury holds mainly cryptocurrency, with the majority being its native ARB token. It's important to note that the composition of the treasury holdings is subject to change due to various factors, including fee inflows, outflows, and spending approved by the DAO.
Balance in native ARB token within the DAO's treasury wallet. See below for additional holdings across DAO controlled wallets.
ARB Holdings 3.16B
DAO Assets - Converted into USD
The 15k Ethereum in transaction fees in excess of the L1 fee owed to the sequencer. This was valued at USD 38M as of August 31st, 2024 (price source: CoinGecko). DAO collected At this stage, no proposals have been approved to utilize this balance, although there is a live Tally vote to send 5,134 ETH to the Arbitrum Foundation.
ETH Holdings 15,027
ARB Holdings 1.8b (96.1%) ETH Holdings 37.6m (2.1%) USD Holdings 33.4m (1.8%)
The majority of the DAO's treasury is therefore held in its native token, ARB. It also holds ETH from transaction fees, as well as US Dollar-linked investment mainly via the STEP program.
It is worth drawing attention to the fact that the ARB tokens sitting in "treasury" are represented in native ARB token and not a fiat or other cryptocurrency equivalent - much discussion has been had around this point but it is clear that the value of treasury ARB cannot be priced at current ARB market prices. These tokens are effectively out of circulating supply and are similar to a traditional company holding its own stock as treasury shares. If the DAO were to decide to deploy its entire ARB balance, the market would be flooded with liquidity and the price of ARB would be materially impacted. Any proposal moving ARB out of treasury holdings and into the market will have an inflationary impact on the price of ARB (i.e. cet. par . proposals moving ARB out of treasury will cause the price of ARB to fall relative to e.g. the USD).
Treasury Holding - Overview
USD Stablecoin Holdings
ARB Holdings
DAO Treasury
3,160,019,094 224,650,000
Catalyze Gaming Ecosystem Growth
LTIP - Multisig
24,834,122 3,500,000 1,360,252
ADPC Subsidy Fund
Plurality Labs - Thrive Impact Foundation Multisig
Delegate Incentive System
944,525 600,000 518,216 163,324
Arbitrum MSS
Plurality Labs - Grants Safety Multisig
Arbitrum Research & Development Collective (ADPC) - ArbitrumDAO Procurement Committee
2
Questbook Wallets GovHack at ETH CC
3,556
2,881,079
53,028
STEP
30,450,000 33,384,107
TOTAL
3,416,593,091
7
Made with FlippingBook Ebook Creator