[Non-Constitutional]: Arbitrum Stable Treasury Endowment Program
AI summary
This proposal, called the Stable Treasury Endowment Program (STEP), aims to diversify 35 million ARB tokens, which is about 1% of the Arbitrum DAO's treasury, into stable and liquid investments like US Treasury bills or money market instruments. This is intended as a trial run to establish a framework for future treasury diversification and to support the growth of Real World Assets (RWAs) on the Arbitrum network. The DAO will maintain control over these investments, which are not grants but rather an investment strategy.
If passed, the Arbitrum DAO's treasury will begin earning returns on a portion of its assets, potentially increasing its financial stability and capital efficiency. This move also aims to position Arbitrum as a leader in the RWA space, benefiting the ecosystem by attracting more RWA projects and providing vetted service providers for other protocols. No specific group loses, but the ARB tokens will be converted into other assets.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
TL;DR : This framework supports the budding RWA ecosystem on Arbitrum by diversifying 35 million ARB from our treasury (~1%) into stable & liquid bills or money market instruments earning a rate of return roughly equivalent to US Treasuries (hereby called ‘stable RWAs’)
This proposal is a trial run for a larger investment policy of the ArbitrumDAO treasury, both in:
- Creating a legal and infrastructural pipeline that future diversification proposals can take guidance from and
- Proof of concept that we can diversify our treasury in a way that supports ecosystem growth
This is NOT a grant…