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 special multi-signature wallet. The goal is to diversify the DAO's treasury by investing these tokens into 'real world assets' (RWAs) that are stable, liquid, and generate yield, meaning they earn returns independent of cryptocurrency market fluctuations. This program also aims to boost the growth of RWA protocols within the Arbitrum ecosystem.
If passed, the Arbitrum DAO will allocate approximately $30.8 million (based on ARB's current price of $0.88) for treasury diversification into RWAs. This could benefit the DAO by stabilizing its treasury and generating income, while also supporting the growth of RWA projects on Arbitrum. The DAO's endowment for covering expenses would approach $100 million.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Abstract
This vote authorizes transfer of another 35 million ARB to the STEP multisig 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 ecosystem…