Approval of STEP 2 Committee's Preferred Allocations
AI summary
This proposal seeks to approve the allocation of approximately $10.66 million worth of Arbitrum's native token, ARB, into various stable, liquid, and yield-bearing assets. This is the second step (STEP 2) of a larger plan to diversify the DAO's treasury. A committee reviewed over 50 applications and recommends allocating 30% to WisdomTree WTGXX, 35% to Spiko USTBL, and 35% to Franklin Templeton FOBXX (BENJI).
If passed, the Arbitrum DAO's treasury will diversify approximately $10.66 million of its ARB holdings into the specified financial products, aiming to generate yield and reduce exposure to ARB price volatility. The named financial product providers (WisdomTree, Spiko, Franklin Templeton) will benefit from managing these funds.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Following the completion of the allocations made in STEP 1, in February 2025 the Arbitrum DAO passed a proposal for the diversification of an additional 35 million ARB into stable, liquid, and yield bearing assets with the STEP 2 proposal.
We thank all applicants for their submissions and thoughtful participation in the process. The candidate pool was extremely robust, with over 50 applications including thos…