March 2025 Member Election Phase (Onchain)
Approval of STEP 2 Committee’s Preferred Allocations (Snapshot)
Summary:
The proposal allocates the remaining $10.66 M in ARB from STEP 2 into three tokenized U.S. T-Bill funds; WisdomTree WTGXX 30 %, Spiko USTBL 35 %, and Franklin Templeton FOBXX 35 %. It finishes the $35 M diversification plan while preserving liquidity and yield inside short-term Treasury exposure.
Vote: For
Rationale:
This proposal consolidates the treasury’s short-term liquidity strategy by allocating the remaining ARB to three regulated tokenized money-market vehicles that we believe offer an attractive risk-adjusted yield. We believe that the committee ran a broad, competitive process and selected credible issuers, so the chosen split is acceptable given current market conditions. Nonetheless, continued reliance on United States government exposure concentrates macroeconomic and geopolitical risk; at some point, the DAO should begin evaluating on-chain access to other high-grade real-world assets such as EU sovereign bills, real-estate-backed notes, or diversified equity and crypto ETF products. We therefore approve the allocation today while urging the treasury working group to start exploring options for multi-jurisdiction and multi-asset diversification.
[Non-consitutional]: Top-up for Hackathon Continuation Program (Snapshot)
Summary:
This proposal tops up the hackathon by $89,980 using idle Domain Allocator USDC and offers two destinations for the remaining money: a return to the DAO or an early injection into the Treasury Management Committee. The choice effectively weighs bookkeeping purity against jump-starting an operational liquidity buffer.
Vote: Yes to both
Rationale:
We believe we should fund the Hackathon Continuation Program because the DAO has already endorsed it, and the current funding shortfall now threatens to erode our credibility. Additionally, although unused Domain Allocator capital would normally return to the DAO treasury to keep purposes crystal clear, the Treasury Management Committee is yet to convert its 15M ARB allocation and presently lacks stablecoins, so allowing the remaining to seed the committee offers a practical bridge that turns idle funds into an immediate reserve.