Arbitrum DAO - Treasury contd.
Stable Treasury Endowment Program 2.0
During July 2025, the STEP 2.0 program continued with its conversion strategy, swapping its ARB allocation first into USDC and then into the approved assets under STEP 2.0. The multisig wallet now holds 15k ARB and 3.8k USDC from that process, as well as the various assets under STEP 2.0 and 1.0. Therefore for the purposes of this report, the STEP 2.0 funds are deemed to have been spent (other than the above-mentioned ARB and USDC) as it will now fall under the reporting requirements of STEP 2.0 (and would fall under the treasury section of the DAO's assets).
Treasury Management V1.2
Entropy has prepared a Dune dashboard outlining the various DAO holdings, under STEP and the Treasury Management proposals, given that funds are not all held within the original multisigs. There were no material flows out of the multisig allocated the funding, although it did receive ~3.7k wstETH relating to the Growth Management vertical.
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