STEP 2 Committee Preferred Allocations

[paulofonseca]

voting FOR on the current offchain vote because I like rubber stamping things that were already decided and contribute to achieving an imaginary quorum of 130,752,756.914717982009274266 ARB as of the ETH block 22375620 at the timestamp of the start of this offchain vote.

[cp0x]

I voted For,
but I have some thoughts for the future on similar solutions

Cp0x Delegate Communication Thread

Approval of STEP 2 Committee’s Preferred Allocations If someone looked at all the applications for the placement of new 35 million ARBs, then he probably spent all his working time on them, because they are very voluminous. And of course, it is right that they are so detailed, since this is a large amount and a large risk analysis is required for the Arbitration. However, there are many applications and most delegates cannot devote so much time, for this there is a special committee. I caref…

[KlausBrave]

Voted FOR this proposal.

[ocandocrypto]

As in @web3citizenxyz representation. Voting FOR.

Below the rationale:

Web3 Citizen Delegate Communication Thread

Snapshot: Approval of STEP 2 Committee’s Preferred Allocations We are voting for the proposal. The allocation is well balanced to ensure capital is not spread thin, and the proposed strategies by Wisdom Tree, Spiko and Franklin, including TBills and government securities, will allow diversification of ARB into stable yield bearing assets.

[Curia]

We will vote in favor of the STEP 2 proposal, ratifying the 30%–35%–35% allocations to WisdomTree, Spiko, and Franklin Templeton to ensure a diversified, low-fee, high-yield, and institutionally secure portfolio.

[AranaDigital]

As AranaDigital, we are voting FOR the STEP 2 Committee Preferred Allocations. We applaud the committee’s recommendation to allocate the remaining 35 million ARB across the three RWA providers.

The proposed allocation reflects a thoughtful diversification strategy, as it ensures each provider receives sufficient capital to generate meaningful yield, rather than spreading the allocation too thin and diluting long-term value. By concentrating on these three stable funds, the DAO benefits from multiple yield sources while mitigating concentration risk. We note that the committee has “aimed to strike the right balance between fees, existing live TVL, risk-adjusted setups, and community involvement”. Such a balanced strategy should yield stable, low-volatility returns that strengthen the treasury.

Looking ahead, we encourage reserving a modest portion of future STEP allocations for emerging or higher-risk RWA protocols. Allocating a limited experimental fund to innovative RWA entrants could foster new opportunities and ecosystem diversity, while keeping the majority of capital in proven, lower-risk assets. In practice, dedicating even a small pilot allocation to promising new projects — with appropriate risk management — could help the DAO capture upside from new protocols without jeopardizing the core strategy.

We consider STEP 2 to be overall beneficial for the DAO because converting ARB into stable, liquid, yield-generating assets amid heightened macro-economic uncertainty is a good strategy for capital preservation.

[Bob-Rossi]

Voting “For”, as I maintain my position as noted in the initial setup stages of the STEP 2 project (Non-Constitutional: Stable Treasury Endowment Program 2.0 - #75 by Bob-Rossi).

After reviewing the three applications I did not see anything that lead me to believe they won’t be successful in the endeavor. And I think that 3 achieves a good balance between having some diversification in the investment while leave enough capital for each project to make a meaningful impact.

[Chris_Areta]

We have voted FOR this proposal - we believe the justifications provided by the STEP committee on their preferred allocations reflects the right balance of costs, risks and returns, whilst conforming to the broader goal of supporting RWA growth on Arbitrum. More so, we feel comfortable relying on the decision making of the STEP committee who we voted in due to their expertise and track record on treasury management within and outside of ArbitrumDAO.

[Sinkas]

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

We are voted FOR.

First of all, we would like to acknowledge the work done by the STEP II members, as evaluating 50 applications and only selecting three is not easy. However, it would be interesting to know a little more about the aspects considered during the evaluations so that the DAO has more context about the evaluation process.

We reviewed the applications from the three selected providers and found nothing that would cause us to vote against them. For this reason, we are voting in favor of the proposal and following the committee’s preferred choices.

[Saurabh]

The following reflects the views of GMX’s Governance Committee, and is based on the combined research, evaluation, consensus, and ideation of various committee members.

This proposal demonstrates a well-considered and strategic approach to diversifying Arbitrum DAO’s treasury into stable, liquid, and yield-bearing assets. The committee has conducted a thorough evaluation of over 50 applications. The selected products offer a mix of institutional-grade security and competitive yields while generating sustainable returns.

Given the careful diligence by the committee and the success of the previous STEP 1. This proposal aligns with Arbitrum’s goals, and commitment to treasury diversification. We would be supporting the proposal and voting in favour of the proposal.