Non-Constitutional: Stable Treasury Endowment Program 2.0
AI summary
This proposal, called Stable Treasury Endowment Program (STEP) 2.0, asks the Arbitrum DAO to transfer 35 million ARB tokens to a wallet controlled by the Arbitrum Foundation. The goal is to diversify the DAO's treasury by investing these tokens into 'real-world assets' (RWAs), which are stable, liquid, and generate yield outside of crypto markets. This program also aims to foster the growth of RWA protocols within the Arbitrum ecosystem.
If passed, the Arbitrum DAO's treasury will be further diversified into traditional financial assets, potentially reducing its exposure to crypto market volatility. This benefits the DAO by creating a more stable financial base and supports RWA protocols on Arbitrum by providing them with assets under management. The Arbitrum Foundation will manage the selection and monitoring of these RWA investments.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Non-Constitutional: Stable Treasury Endowment Program 2.0
Abstract
This vote authorizes transfer of another 35 million ARB to a wallet controlled by the Arbitrum Foundation for the next edition of the Stable Treasury Endowment Program (STEP), to diversify Arbitrum DAOs treasury into real world assets that are stable in value, liquid in conversion and have yield uncorrelated to crypto markets. The goal of the STEP program is treasury diversification along with ecosys…