Steakhouse is pleased to share the April update for Arbitrum’s Stable Treasury Endowment Program. Like last month, we have included the month-end PDF statement and a Dune dashboard with live data and portfolio analytics.
This report now includes historical monthly interest for each asset. Like last month, we’ve also included life-to-date yields for each individual asset as of April month-end and a chart comparing those yields to the average three month treasury over the period the asset has been deployed.
Additionally, the committee completed its review of the applications for STEP 2 and has made final recommendations, which were just approved in a snapshot poll.
As announced today and reported on the forums, Mountain Protocol has been acquired by Anchorage Digital, and they will begin an orderly wind-down of USDM.
The STEP portfolio currently holds $3.6mm of USDM. Steakhouse will work with the Arbitrum Foundation to ensure that those funds are safely redeemed in the near future. Additionally, we are coordinating with the STEP Committee to propose a new allocation with the funds received from the USDM redemption.
