Non-Constitutional: Stable Treasury Endowment Program 2.0

Proposals
123

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.

1 Like
124

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 DAOā€™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 - 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, since it will be among their responsibilities to carry out the diversification of Arbitrumā€™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)

2 Likes
125

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.

126

LobbyFi voted in favor, as the ā€˜forā€™ community auction pool accrued more bids in ETH than the counterparty pool for this particular proposal.

127

I voted in favour of this proposal in Tally. This is the rationale:

1 Like
128

I didnā€™t vote on this one since it happened before I got onboarded, but Iā€™m excited to see Arbitrum holding some RWA and hoping for the bull. Iā€™m not happy with the ARB selling, thoughā€”I still see this as kind of like what Saylor is doing with BTC. LFG!

1 Like