DAO Spend Analysis
Monthly ARB Expenditure
Jan24
Feb 24 Mar 24 *Apr 24 May 24 Jun 24
Jul 24
Aug 24 Sep 24
239,206 (1,225,132) (49,288,542) (24,208,788) (27,192,388) (1,906,121)
DAO Expenditure in ARB
(22,624,174) (12,876,612)
(5,731,741)
DAO Expenditure in USD - converted to ARB Total DAO Monthly (Expenditure) / Income
(54,638)
(275,964)
(289,513)
(98,686)
(86,395)
(137,196)
(188,720)
(213,939)
(275,861)
(22,678,812) (13,152,576) (6,021,254)
140,520 (1,311,527) (49,425,738) (24,397,508) (27,406,327) (2,181,982)
*STIP refunds made this a net inflow
monthly expenditure ARB 16M using 9-month average
ARB 49M monthly expenditure using highest 1 month
ARB 18M 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.
9 Month Average Spend (in ARB)
3 Month Average ARB Spend, ARB Price Decreased by 25%
194
131
3 Month Average Spend (in ARB)
3 Month Average ARB Spend, ARB Price Decreased by 50%
175
88
Highest Month Spend (in ARB)
3 Month Average ARB Spend, ARB Price Decreased by 75%
64
44
ARB Introduced into Circulation
Treasury Allocated to Proposals 12.3% 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 2023, when the first Tally proposal was approved, to September 2024, the DAO approved 444M ARB worth of spending outlined in various proposals. This represents 12.3% of the DAO's initial treasury balance of 3.6B ARB. Spending began in August 2023, with a total of 174M ARB spent to September 2024 (including USD spend converted into ARB). This represents 4.8% of the DAO's treasury balance - the balance is still held in DAO-controlled wallets.
to Date 4.8%
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