Arbitrum DAO - Monthly Token Flow Report - November 2024

Governance DAO Finances
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Hey everyone, please see r3gen Finance’s November 2024 Token Flow Report for the Arbitrum DAO below:

Arbitrum Token Flow Report - November 2024

The key highlights we would like to bring to the DAO’s attention are:

  • net transaction fees collected (339 ETH) amounted to 68% of total fees collected vs. 71% in October
  • AIP’s allocated:
    → 3.98M ARB to v2 of the ARDC
    → 4M ARB to the DAO Events Budget for 2025

Actual spend for the month totaled 229k ARB, driven mainly by Questbook round 2 grant spending (figures were converted from USDC to ARB). LTIP protocols returned 490k ARB during the course of the month.

There remains opportunity to utilize unproductive assets that have already been deployed from treasury, such as

  • 31M ARB sitting in the LTIP multisig
  • unclaimed ARB in the Hedgey vesting contract from protocols that didn’t claim their full STIP / LTIP allocations (>2M ARB)
  • 518k ARB remaining in the Plurality Labs grants safety multisig from the first PL grant program, where no grant spend has occurred since July 2024
  • 202k USDC in the Questbook first round wallets, where 53k USDC has been sent to grantees over the past 3 months

As ever, feel free to reach out to the r3gen team with any queries or comments (TG @Jono_Gibbs).

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As far as I know, in all cases of sending funds from the DAO, there is a clause that in case of unspent funds, they will return to the DAO treasury.
Accordingly, the question is: why did the funds from LTIP and other grants not return, but are still lying in other multisigs?

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@cp0x that is our understanding as well. For e.g. the LTIP funds, I understand they are still in the process of collecting unused funds from protocols, claiming funds from Hedgey etc. so it is probably an administrative delay but the PL multisig has sat on the 518k ARB since June without any grants being issued.

The point we also wanted the DAO to consider would be the ability to use e.g. the LTIP funds for a proposal without sending it back to treasury and requiring another Tally proposal to re-deploy the funding - e.g. fund the entire Treasury Management v1.2 proposal straight out of the LTIP multisig funds.

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