Steakhouse is pleased to share the February 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 life-to-date yields for each individual asset as of February month-end and a chart comparing those yields to the average three month treasury over the period the assets have been deployed.
Steakhouse is hosting open office hours for STEP 1 on Friday, March 14th at 15:00 UTC. Details can be found on the public Arbitrum calendar. If you have any questions or suggestions for us as program manager or would just like to learn more, please join us!
A few things of note for this report:
- OpenEden has voluntarily refunded the 5bp ($1,734) mint fee incurred during the purchase of STEP’s TBILL allocation. The STEP wallet now holds 1,734 USDC
- Backed completed the partial refund of their mint fee (30bps or 92 bIB01 tokens)
- The BUIDL position was successfully moved to Arbitrum, and the PDF statement now accurately reflects only the interest related to the STEP assets
