Final: Arbitrum Stable Treasury Endowment Program

The below response reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking and ideation of the two.

We’ll be voting in favour of the proposal during temp-check as we believe investing into yield-bearing RWA’s to be a good first step towards a sustainable future for the DAO.

Having followed the discussion and the working group for some time now, we’re happy with how they’ve incorporated delegate feedback into their proposal through different iterations and how they’ve addressed the issues raised.

While there are some additional points to be clarified, they can be by the time the proposal goes to on-chain vote. Specifically, before supporting the proposal during an on-chain vote, we’d like to see:

  • breakdown of the 200,000 ARB which is the cost associated with the implementation of the proposal, including the compensation for specific contributors for this proposal
  • more detailed description on scope of responsibilities of each contributor
  • more detailed schedule regarding what the process of implementing the proposal
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