Entropy Advisors Monthly Update: August 2025

DAO Programs & Initiatives Entropy Advisors Updates
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Recap of August 2025

  • Entropy expanded with a new hire in August, with Brandon Boon (Twitter Profile) joining the team as the Head of Treasury Management.
  • Stylus Sprint: Entropy has posted an update on behalf of the Stylus Sprint committee that recaps the work completed in the month of August. Overall, it was a slower month in terms of the number of milestones submitted, but 1,345,868 ARB was dispersed as payments for previous work. This brings the total ARB dispersed to teams up to 3,083,536, which represents ~34.3% of the total program budget.
  • Consolidate Idle USDC to the ATMC’s Stablecoin Balance: Following the Snapshot approval on July 31, the consolidation of idle USDC from the Events Budget (~$1.04M), ARDC V2 (~$1.5M), and ADPC Subsidy Fund (~$362K) into the ATMC’s stablecoin strategy address was in August. During the month, these assets were deployed into Gauntlet’s USDC Prime vault on Morpho on Arbitrum following the OAT having accepted the reallocation proposal submitted to them.
  • Arbitrum Treasury Management Council (ATMC): Entropy published the first ATMC Monthly Report on August 13, detailing the DAO’s $79.6M Treasury Management portfolio. The portfolio grew 36% month-over-month, fueled by a $11.6M stablecoin injection and ETH price appreciation, leading to a $9.1M in unrealised gains. For in-depth treasury management-related updates, please refer to the Arbitrum Treasury Management Council forum section. The first full quarterly report will be posted in October.
  • Watchdog Program: In August, Entropy worked with the Arbitrum Foundation to finalize all the necessary customizations for the Watchdog portal. The program is now live and operational, with program materials details published to the Report Misue of Funds subcategory.
  • Strategic Objective Setting (SOS): In August, L2BEAT hosted one SOS workshop. Entropy is actively participating and, as progress is being made, looks to modify the initiative accordingly to ensure finalization.
  • DeFi Renaissance Incentive Program (DRIP): Season One of DRIP launched on September 3rd with a focus on leverage looping of yield-bearing ETH and stable assets. The DRIP homepage and all available opportunities can be accessed at https://arbitrumdrip.com/. Entropy has posted a comprehensive recap of the Season One launch that includes the season’s objectives, full list of participating protocols, and marketing efforts. Entropy’s data team prepared three dashboards to monitor the performance of the program across lending protocols and eligible ETH/USD assets.
  • Entropy Advisors Exclusively Working with the Arbitrum DAO, Y2-Y3: On August 8, the Tally vote to ratify Entropy’s Y2–Y3 mandate concluded with ~158.68M votes in favor. With the mandate now formalized, Entropy’s exclusive engagement with the Arbitrum DAO will continue through September 2027. This next chapter focuses on making Arbitrum the most effective capital-allocating DAO in crypto through disciplined treasury deployment, structured incentive programs, real-time analytics, and high-leverage strategic initiatives.
  • Arbitrum GTM Support:
  • The Data Team:
    • Builder Support:
      • USDai: This dashboard was finalized in May and publicly launched in August, supports the team’s go-to-market strategy by providing clear visibility into the stablecoin’s ecosystem. It tracks core market metrics including minting, trading activity, price stability, and holder distribution, equipping both the team and broader community with data to measure adoption, assess performance, and guide strategic decision-making.
      • Franklin Templeton BENJI: As part of promoting and supporting the Treasury Management Program (RWA Deployments / STEP 2), we’ve built a dashboard analyzing Franklin Templeton’s BENJI. The dashboard is designed to support institutional team launching on Arbitrum and to showcase how Arbitrum can support their continued scaling, educate the community and broader industry on Tokenized Money Market Funds, and track Arbitrum’s growing dominance in this space.
      • Aave Liquidity: This dashboard supports DRIP Season 1 protocols by tracking Aave’s liquidity on Arbitrum and comparing Arbitrum’s dominance against other networks.
    • Arbitrum Products:
      • Arbitrum One Network Overview: This dashboard serves as a comprehensive analytics tool for understanding network activity on Arbitrum One. It tracks key metrics across protocols, assets, and users to surface meaningful trends and performance insights. By providing transparent, data-backed views of ecosystem growth and usage, it supports the Arbitrum DAO’s mission to guide governance decisions and strengthen the network’s long-term trajectory, while also helping the broader industry develop a deeper understanding of Arbitrum.

Current Initiatives

  • Stylus Sprint: Amid a slower August, Entropy is reviewing current milestone progress and ensuring that teams remain on schedule to complete work by January 31st. We are continuing to collaborate with OCL marketing to prepare marketing materials and highlights when appropriate.
  • Consolidate Idle USDC to the ATMC’s Stablecoin Balance: As of September 5th, the ADPC Subsidy Fund wallet still holds ~$112K worth of stablecoins. Once all payments related to the initiative have been finalised, the remainder will be moved to the DAO’s treasury management portfolio
  • Updating the Code of Conduct & DAO’s Procedures: Following a successful Snapshot back in July, the revised Code of Conduct and DAO Procedures are in effect. Entropy and the Foundation will continue observing how these updates function in practice, with an eye toward possible constitutional inclusion after January 2026.
  • Arbitrum Treasury Management Council (ATMC): The report covering August will be posted shortly. Planning on activating more capital from the treasury has started, and a proposal to the DAO should be expected shortly, while work on the DAO-wide budget and runway framework to formalize financial planning is nearing completion.
  • Watchdog Program: With the Watchdog program now live, Entropy will be acting as a reviewer in tandem with the Arbitrum Foundation and SeedGov. Together, the reviewing committee will also work to identify areas for improvement based on the first reports that come in.
  • Strategic Objective Setting (SOS): Entropy will continue collaborating with key stakeholders, delegates, and other AAEs to push the initiative forward.
  • DeFi Renaissance Incentive Program (DRIP): Looking forward now that Season One of DRIP is live, Entropy is monitoring both performance of the program and other factors such as marketing conditions that may impact ETH/USD borrowing rates and competing incentive programs. Marketing efforts will continue throughout the season as our team plans to host weekly Twitter spaces and create epoch summaries. In regards to future seasons, verticals that are top of mind are RWAs, DEXs, and perps.

Goals for September

  • Arbitrum Treasury Management Council: We’ll post a proposal to formalize the DAO’s budget and runway management framework, and barring any unexpected blockers, a proposal to activate additional capital from the treasury
  • DRIP: The remainder of September will fall into Season One’s Discovery Phase, so our team’s focus will be on establishing important baselines, making program iterations, and working with participating protocols to ensure the program continues to roll out effectively.
  • Stylus Sprint: Entropy is excited to help OCL Marketing amplify the rollout of Thirdweb’s first special use case: an airdrop mint module. Additionally, early benchmarks from RedStone’s Stylus implementation are promising. If they are confirmed following a review from the Stylus team at OCL, there could be an opportunity to create a strong Stylus case study.
  • Data Team: In September, we will focus on DRIP’s Program Analytics, providing KPI tracking and analysis while building three dashboards to monitor adoption, usage, and progress both at the lending protocol level and across all eligible assets. Additionally, we will create six dashboards to support analytics and go-to-market efforts for each of the six participating DRIP protocols. These enhancements aim to continuously improve DRIP analytics, enabling performance evaluation for incentive allocation and equipping protocols with data to guide their GTM strategies.

Requests from the DAO

Please continue to reach out and pass along requests to Entropy Advisors, or visit our bi-weekly office hours on Tuesdays at 1:15pm ET. Our team is always open to input from DAO members on which problems we should dedicate our efforts towards.

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