Arbitrum DAO - Treasury
Arbitrum Stable Treasury Endowment Program (STEP)
The STEP report, covering 1 - 31 January 2025, was published on the forum and is summarized below (this is the most recent report). STEP Allocations
Market Value 31 Jan 2024 $30.7M Interest Earned (LTD) $422k Yield LTD (Cash on Cash) 1.39%
9.5m
9.7m
5.3m
5.3m
5.2m
5.2m
3.5m
3.5m
3.5m
3.5m
3.5m
3.5m
Securitize BUIDL
Ondo USDY
Superstate USTB
Mountain USDM
OpenEden TBill
Backed Finance blB01
USD Cost 30.3m USD Market Value 30.7m
Interest Earned (LTD)
Yield LTD Cash on Cash
USDCost
Securitize BUIDL
9,523,937 5,194,875 5,194,875 3,463,250 3,468,250 3,463,250 30,308,437
186,942 66,715 75,783 48,707 17,467 26,724 422,338
1.96% 1.28% 1.46% 1.41% 0.50% 0.77% 1.39%
OndoUSDY
Superstate USTB Mountain USDM OpenEden TBill
Backed Finance blB01
Total
Other updates posted by the program manager included:
Securitize/Blackrock
BUIDL has successfully migrated to daily distributions of interest. Previously, interest was deployed on the first of every month.
Backed
Upon review of the bIB01 position, Steakhouse identified that the subscription fee discount initially offered to Arbitrum was not properly applied to the purchase. As a result, the program paid 30bps in excess of what was intended. Backed is in the process of refunding the STEP program additional bIB01 tokens to make up the differential, which should hit the wallet next week.
OpenEden
OpenEden’s TBILL fund now supports USD fiat subscriptions and redemptions, in addition to USDC.
600k
30.7m 422.3k
30.5m
30m
400k
29m
195.8k
200k
28m
26.9m 89.5k
26.9m
27m
0
Oct 24
Nov 24
Dec 24
Jan 25
Market Value (USD)
Interest Generated (USD)
18
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