# Non-Constitutional: Stable Treasury Endowment Program 2.0 **URL:** \ **Category:** Finalized AIPs\ **Created:** [September 17, 2024, 9:33am UTC](https://forum.arbitrum.foundation/t/non-constitutional-stable-treasury-endowment-program-2-0/26819 "2024-09-17T09:33:22Z")\ **Posts on this page:** 7\ **Page:** 7
**Author:** ![coinflip](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/coinflip/32/4041_2.png) [@coinflip](https://forum.arbitrum.foundation/u/coinflip)\ **Post date:** [February 13, 2025, 12:42pm UTC](https://forum.arbitrum.foundation/t/non-constitutional-stable-treasury-endowment-program-2-0/26819/123 "2025-02-13T12:42:33Z")
Voting FOR the proposal While the DAO has continued to evaluate larger wrappers for some activities, having Stable Treasury 1.0 and now 2.0 shows that we can continue to deliver on DAO objectives. The stability of knowing that the Arbitrum DAO has reviewed these protocols, and their commitment to the Arbitrum ecosystem also acts as a great proxy for defi builders to work with these same RWA issuers knowing that there is reasonable stability and adoption for them here. ---
**Author:** ![blockful](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/blockful/32/13867_2.png) [@blockful](https://forum.arbitrum.foundation/u/blockful)\ **Post date:** [February 13, 2025, 1:38pm UTC](https://forum.arbitrum.foundation/t/non-constitutional-stable-treasury-endowment-program-2-0/26819/124 "2025-02-13T13:38:16Z")
We are voting FOR the proposal, for the following reasons: - STEP 1 was a successful - and documented - program. The program fulfilled its goal of bringing more active RWA projects to Arbitrum and contributed to the diversification of the DAO’s treasury. - There are clear goals for STEP 2. According to Devansh Meta, [there is a plan to put 1% of the treasury every 9/12 months for 5 years](https://forum.arbitrum.foundation/t/non-constitutional-stable-treasury-endowment-program-2-0/26819/53) - within the 35M $ARB planned for STEP 2. Although the continuity of the program depends on governance, it is important for the DAO to have a percentage of its treasury in stable assets. However, we share the thoughts of some delegates about the possibility of taking STEP to [TMDC](https://www.tally.xyz/gov/arbitrum/proposal/111105159609719390908725919603971316574753860587890014819515615630412225940809?govId=eip155:42161:0x789fC99093B09aD01C34DC7251D0C89ce743e5a4), since it will be among their responsibilities to carry out the diversification of Arbitrum’s treasury. Since STEP 1 was born when there was no TMDC, it made sense. Now, we can bring the framework and knowledge developed in STEP to TMDC - leaving a single organization/group responsible for this assignment.The idea is not to do end STEP or the focus on RWA, but to avoid redundancy of obligations/activities between the entities formed within Arbitrum DAO. Congratulations on the proposal and success for STEP 1 (and everyone involved in it) ---
**Author:** ![paulofonseca](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/paulofonseca/32/15551_2.png) [@paulofonseca](https://forum.arbitrum.foundation/u/paulofonseca)\ **Post date:** [February 13, 2025, 1:52pm UTC](https://forum.arbitrum.foundation/t/non-constitutional-stable-treasury-endowment-program-2-0/26819/125 "2025-02-13T13:52:49Z")
voting **For** on the current onchain vote because following the same reasons as before, for the offchain vote, this program is very well set up and thought through, and the entities involved are some of the best in the world at what they do. ---
**Author:** ![lobbyfi](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/lobbyfi/32/11244_2.png) [@lobbyfi](https://forum.arbitrum.foundation/u/lobbyfi)\ **Post date:** [February 15, 2025, 4:54pm UTC](https://forum.arbitrum.foundation/t/non-constitutional-stable-treasury-endowment-program-2-0/26819/126 "2025-02-15T16:54:36Z")
LobbyFi voted in favor, as the ‘for’ community auction pool accrued more bids in ETH than the counterparty pool for this particular proposal. ---
**Author:** ![olimpio](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/olimpio/32/11_2.png) [@olimpio](https://forum.arbitrum.foundation/u/olimpio)\ **Post date:** [February 28, 2025, 9:24pm UTC](https://forum.arbitrum.foundation/t/non-constitutional-stable-treasury-endowment-program-2-0/26819/127 "2025-02-28T21:24:02Z")
I voted in favour of this proposal in Tally. This is the rationale: > [@Non-Constitutional: Stable Treasury Endowment Program 2.0](https://forum.arbitrum.foundation/t/non-constitutional-stable-treasury-endowment-program-2-0/26819/91): > > Hello, I voted FOR this proposal in temp-check Snapshot. I like its previous execution, reporting stats, results, committee members, comp structure & vesting, and smooth coordination with the ARBFND. Cost is also reasonable. Agreed on the eventual integration with OpCo, and until then, voting FOR this iteration. Really great work! ---
**Author:** ![Zeptimus](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/zeptimus/32/5471_2.png) [@Zeptimus](https://forum.arbitrum.foundation/u/Zeptimus)\ **Post date:** [March 3, 2025, 8:30pm UTC](https://forum.arbitrum.foundation/t/non-constitutional-stable-treasury-endowment-program-2-0/26819/128 "2025-03-03T20:30:21Z")
I didn’t vote on this one since it happened before I got onboarded, but I’m excited to see Arbitrum holding some RWA and hoping for the bull. I’m not happy with the ARB selling, though—I still see this as kind of like what Saylor is doing with BTC. LFG! ---
**Author:** ![Arbitrum](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/arbitrum/32/2693_2.png) [@Arbitrum](https://forum.arbitrum.foundation/u/Arbitrum)\ **Post date:** [August 4, 2025, 11:43am UTC](https://forum.arbitrum.foundation/t/non-constitutional-stable-treasury-endowment-program-2-0/26819/129 "2025-08-04T11:43:47Z")
Cross-posting for visibility: [STEP 2 Committee Preferred Allocations - #35 by Arbitrum](https://forum.arbitrum.foundation/t/step-2-committee-preferred-allocations/29086/35) [Previous page](https://forum.arbitrum.foundation/t/non-constitutional-stable-treasury-endowment-program-2-0/26819.md?page=6)