Arbitrum DAO - Treasury
Arbitrum Stable Treasury Endowment Program (STEP)
The first STEP report, covering 1 - 31 October 2024, was published on the forum and summarized below.
STEP Allocations
15m
9.5m
9.5m
10m
5.2m
5.2m
5.2m
5.2m
5m
3.5m
3.5m
3.5m
3.4m
5k
5k
0
Securitize BUIDL
Ondo USDY
Superstate USTB
Mountain USDM OpenEden TBill
Backed Finance blB01
USD Cost 26.8m USD Market Value 26.9m
USDCost
Interest Earned
YieldYTD
Securitize BUIDL
9,523,937 5,194,875 5,194,875 3,463,250
101
0.00% 0.31% 0.14%
OndoUSDY
15,979
Superstate USTB Mountain USDM OpenEden TBill
7,354
(14,780)
(0.43%)
5,000
1
0.02%
Backed Finance blB01
3,463,250 26,845,187
Total
8,655
0.03%
Treasury Management
The Treasury Management v1.2 proposal has been submitted on Tally, with voting having started on 6 December 2024. The proposal aims to establish 2 tracks: - Treasury, allocating 10M ARB for ARB-only on-chain strategies and 15M ARB converted into stables or cash-like holdings to serve as a pilot for the DAO's "checking account"; - Growth, allocating 7,500 ETH to be used in DAO-approved investments on a case-by-case basis The proposal also outlines a committee for each track, comprising of three members (per committee). Committee members will be compensated USD60k for a 6 month term, with payment contingent on deliverables. As Entropy will fill one of the Growth committee seats, the total operational cost of this proposal is USD300k.
Voting closes on 20 December 2024.
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