DAO Spend Analysis
Monthly ARB Expenditure
Jan24
Feb24
Mar24
*Apr 24
May24
Jun24
Jul 24
DAO Expenditure in ARB
(22,622,875)
(12,801,863)
(5,736,197)
263,387 (1,394,875)
(47,405,495)
(21,188,075)
DAO Expenditure in USD - converted to ARB
(20,377)
(75,846)
(94,754)
(67,365)
(71,384)
(190,394)
(381,968)
Total DAO Monthly (Expenditure) / Income
(22,643,252) (12,877,709)
(5,830,951)
196,022 (1,466,259) (47,595,889) (21,570,043)
*STIP refunds made this a net inflow
monthly expenditure ARB 16M using 7 month average
ARB 48M monthly expenditure using highest 1 month
ARB 24M monthly expenditure using 3 month average
The Arbitrum DAO's sustainability represents its ability to fund operations based on its current Treasury holdings. It evaluates the holdings of the DAO, taking into account the average monthly ARB outflows within the organization. Using these averages, it calculates the number of months of funding that the current asset holdings would be able to sustain. Note that the analysis only looks at ARB held in the DAO's treasury wallet and not across all wallets. It is also worth noting that the ARB held in treasury cannot be valued at the same price as circulating ARB - it is effectively locked supply that when introduced into the market will likely cause material changes in prices. To factor this in, we include an analysis on runway based on the price of ARB falling by different amounts.
Number of months the DAO can maintain expenditure levels before fully depleting the DAO ARB Treasury based on ARB expenditure within the DAO.
7 Month Average Spend (in ARB)
3 Month Average ARB Spend, ARB Price Decreased by 25%
198
101
3 Month Average Spend (in ARB)
3 Month Average ARB Spend, ARB Price Decreased by 50%
134
67
Highest Month Spend (in ARB)
3 Month Average ARB Spend, ARB Price Decreased by 75%
66
34
ARB Introduced into Circulation
Treasury Allocated to Proposals 12% Treasury Spent
Every proposal that allocates the DAO's treasury holdings of ARB is introducing more tokens into supply - ARB out of circulation held in treasury is brought into the market. Over the period from June 2024, when the first Tally proposal was approved, to July 2024, the DAO approved 437M ARB worth of spending outlined in various proposals. This represents 12% of the DAO's initial treasury balance of 3.6B ARB. Spending began in August 2023, with a total of 125M ARB spent in the 12 months to July 2024. This represents 3.5% of the DAO's treasury balance - the balance (312M ARB) is still held in DAO-controlled wallets.
to Date 3.5%
8
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