Steakhouse is pleased to share the January 2025 update for Arbitrum’s Stable Treasury Endowment Program. We have included the month-end PDF statement and a Dune dashboard with live data and portfolio analytics. We plan to add performance data to the PDF statements in February’s report. At that point, all investments will have been deployed for nearly one full quarter and the items discussed below will have been addressed.
Please let us know if there’s anything else you’d like to see in these reports or the dashboards, and we’ll do our best to include in the future!
Recent Product Updates
Securitize/Blackrock
BUIDL has successfully migrated to daily distributions of interest. Previously, interest was deployed on the first of every month. As a reminder, the STEP wallet continues to receive interest from other investments made by the Arbitrum Foundation, which will be redistributed periodically.
Backed
Upon review of the bIB01 position, Steakhouse identified that the subscription fee discount initially offered to Arbitrum was not properly applied to the purchase. As a result, the program paid 30bps in excess of what was intended. Backed is in the process of refunding the STEP program additional bIB01 tokens to make up the differential, which should hit the wallet next week.
OpenEden
OpenEden’s TBILL fund now supports USD fiat subscriptions and redemptions, in addition to USDC.
