11 Feb 2025 - Roundup of Active/Upcoming Votes

Onchain Proposals :ballot_box:

1. STEP 2.0 (Voting ends on 13th Feb, Thursday)

The proposal seeks to allocate 35M ARB to the second iteration of the Stable Treasury Endowment Program (STEP), focusing on diversifying the Arbitrum DAO treasury into RWAs that are stable, liquid, and yield-generating, while promoting ecosystem growth for RWA protocols.

:arrow_right: Strategic Objectives and RWA Focus: Building on the success of STEP 1, the initiative targets low-risk instruments such as U.S. Treasury-backed assets, emphasizing consistent support for the RWA sector and a competitive provider selection process to enhance Arbitrum’s position in this growing market.

:arrow_right: Governance and Implementation Framework: A structured roadmap is outlined, including community discussions, approval votes, application reviews, and ratification of providers, with a committee overseeing the process to ensure transparency, efficiency, and rigorous due diligence.

:arrow_right: Budget and Resource Allocation: The program allocates 35 million ARB for diversification, supplemented by 125k ARB for implementation costs, including committee compensation, emphasizing cost efficiency and accountability in resource deployment.

2. OpCo: A DAO-adjacent Entity for Strategy Execution (Voting ends on 13th Feb, Thursday)

This proposal aims to establish a legal entity (OpCo) to operationalize DAO-defined goals by assigning employees or contracting service providers for end-to-end initiative execution.

:arrow_right: OpCo enhances strategy execution through improved operations, financial management, and project planning, overseen by the Oversight and Transparency Committee (OAT), with a 30M ARB budget over 30 months. Budget breakdown: 4M ARB reserved for bonuses, while 26M ARB reserved for liquidation until $12M worth of cash equivalents has been attained, any remaining ARB will be returned to the DAO treasury.

:arrow_right: OpCo also addresses challenges like siloed operations, lack of ownership in DAO programs, and initiative drop-offs due to limited accountability or expiring grants.

:arrow_right: This setup also maintains decentralization by ensuring DAO authority over OpCo whilst increasing independent entities to drive initiatives and serve as a flexible counterpart to the AF.

3. Arbitrum D.A.O. (Domain Allocator Offerings) Grant Program - Season 3 (Voting ends on 20th Feb, Thursday)

This proposal seeks to extend the Domain Allocators Offerings Grant Program for a 3rd season. This 3rd season will run for a full year, encompassing the existing four domains (Protocols, Education/Community and Events, Dev Tooling, and Gaming), and a new Orbit domain.

The allocation will be as follows: $1,500,000 for each of the four domains “New Protocols and Ideas”, “Education, Community Growth and Events”, “Dev Tooling on One and Nova”, and “Gaming”, and $750,000 for the new “Orbit” domain.

:arrow_right: The program will maintain its milestone-based payment structure and focus on long-term project sustainability. The DAO had previously elected the domain allocators for all 5 domains on Snapshot.

:arrow_right: This proposal is requesting a total of 23,426,465 ARB tokens, equivalent to the $6,750,000 for the 5 domains and the $703,800 for OpEx, including 35% as buffer at the current price of $0.43 per ARB token.

Snapshots⚡️

1. Request to Increase the Stylus Sprint Committee’s Budget (Voting ends on Feb 13, Thursday)

Entropy Advisors is proposing to allocate another 4M ARB from the DAO treasury to the Stylus Sprint program, to extend funding opportunities to promising projects that were not initially accepted into the Sprint.

:arrow_right: With 147 applications and ~31.92 million ARB in funding requests, demand for the Stylus Sprint program significantly exceeded expectations. The committee received a large number of exceptional applications, but unfortunately, due to the initial budget constraints, the committee was only able to fund 17 applications.

:arrow_right: With Stylus as one of Arbitrum’s strongest competitive advantages, the committee believes that funding all impressive applications from Stylus Sprint is a worthwhile investment for the DAO is a worthwhile investment for the DAO.

:arrow_right: Specifically, this additional 4M ARB will fund a total of 9 applications, with 5 applications under the Open Application track and 4 applications under the RFP track.