Introduction
The proposal to consolidate the DAO’s different treasury management-related committees (STEP, TMC, GMC) was passed at the end of June 2025. Accordingly, all of the DAO’s treasury management initiatives have now been merged under the Arbitrum Treasury Management (ATM) council.
As a short introduction, the ATM council comprises the following parties with the following responsibilities:
- Voting Body
- OAT: Approves or denies allocation recommendations from the Execution Body, and, in rare cases, initiates emergency actions that it deems necessary to pull out capital from existing allocations
- Execution Body
- Entropy Advisors: Responsible for strategic financial management, data transparency, and procurement
- Communications Body
- OpCo (Entropy until entity operationalized): Ensures council members are delivering with excellence, mandates are met, and relays information between the DAO and the council
In addition to the 3-unit council, the following AAEs serve observatory roles to ensure wider ecosystem alignment and smooth operations as it relates to fund deployment:
- Observatory Body
- Arbitrum Foundation: Manages movement of funds/custody
- Offchain Labs: Informs the aforementioned council members of any ongoing BD efforts that may conflict with fund allocations
Going forward, we will use the Arbitrum Treasury Management Council forum subcategory to post monthly as well as quarterly updates with respect to treasury management-related matters, providing information on reallocation actions taken, returns, new initiatives, portfolio composition, etc.