Steakhouse is pleased to share the May 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 May month-end and a chart comparing those yields to the average three month treasury over the period the asset has been deployed.
One material update this month: Mountain Protocol has been acquired by Anchorage Digital, and they are in the process of an orderly wind-down of USDM. The STEP portfolio has fully redeemed its USDM position into USDC.
AUM and underlying asset composition:
