We are pleased to announce the conclusion of season 1 for the Treasury Working group! We presented our major end of season findings at a Twitter space that attracted 669 people.
When we started this group, our primary mandate was finding answers to 4 burning questions. Today, we are pleased to announce that we have actionable paths forward for each one!
The lowest hanging fruit for mitigating price impact is simply improving the absymal onchain liquidity for ARB.
The second lowest hanging fruit is the DAO owning its execution.
Our options are :
- use in grant programs (not recommended)
- improve ARB onchain liquidity (pathfind other ways to do this without touching sequencer revenue)
- stake ETH from sequencer to earn rewards (recommended)
- Leave untouched (recommended)
It appears many de-fi protocols in the Arbitrum ecosystem do not want free money through STIP like grants; instead, they want the legitimacy that comes from having ArbitrumDAO as their customer and earning money from their product
We diversify the treasury by putting money into different financial products built on Arbitrum; so the goal of ecosystem support guides our treasury diversification mandate.
Additionally, our treasury is already trending towards diversification as we are spending in ARB while earning in ETH.
Updated Taskboard for WG Season 2
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Seeing through the passage of STEP 1, a framework diversifying our treasury into stable RWAs that doubles up as an ecosystem support program for tokenized tbills or yield bearing stablecoins on Arbitrum.
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Creating STEP 2, a framework for any de-fi protocol on Arbitrum to apply for the DAO to invest treasury assets into their (income generating) product.
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Research or proposals for improving ARB onchain liquidity, ideally without the use of sequencer revenue
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Research or proposals to unlock ARB utility, such as getting our token included in pools on Aave/Compound plus having Chainlink price feed support
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Research or proposals for DAO owned or supported execution of ARB liquidations into other assets for grant recipients
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Research or proposals for staking ETH from sequencer
We welcome any contributors interested in these topics to get in touch with us.