Arbitrum DAO - Treasury Management
Arbitrum Stable Treasury Endowment Program (STEP)
The STEP report, covering 1 - 30 June 2025, was published on the forum and is summarized below (this is the most recent report).
9.8m
9.5m
5.4m
5.4m
Market Value June 2025 $31M Interest Earned (LTD) $863k Yield LTD (Cash on Cash) 2.9%
5.2m
5.2m
3.5m
3.5m
3.5m
3.5m
3.6m
3.6m
152
1.7k
USD Cost 30.3m USD Market Value 31.1m USDCost Interest Earned (LTD)
Yield LTD Cash on Cash
Securitize BUIDL
9,523,937 5,194,875 5,194,875 3,463,250 3,466,516 3,463,250
271,219 159,104 165,505 92,033 76,250 98,466
2.85% 3.06% 3.19% 2.66% 2.20% 2.84%
OndoUSDY
Superstate USTB Mountain USDM OpenEden TBill
Backed Finance blB01
USDC (Circle)
1,734
Total
30,308,437
862,577
2.85%
The STEP manager updated the DAO regarding Mountain Protocol during May 2025 - it was acquired by Anchorage Digital and is in the process of winding down USDM. The DAO's full position was liquidated into USDC.
The full balance of USDC was still held at the end of June 2025.
1m
31.1m
31.1m
31m
30.9m
31m
30.8m
30.7m
862.6k
30.5m
30.5m
769.5k
800k
30m
672.8k
572.3k
29.5m
600k
29m
459.4k
400k
28.5m
356.9k
28m
251.5k
200k
27.5m
111.3k
113k
105.4k
102.5k
100.4k
99.8k
96.7k
93.1k
27m
40.4k
0
Oct 24
Nov 24
Dec 24
Jan 25
Feb 25
Mar 25
Apr 25
May 25
Jun 25
Market Value (USD)
Monthly Interest Generated (USD)
Cumulative Interest Generated (USD)
16
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