Arbitrum Proposal: #0x0e6052ecf62577ec99ee7f1312c6c56ccbfc8599304b6f8c324888da0a5ab97e
Approval of STEP committee recommendations
For: 99.4%
118,444,451 ARB
Against: 0.5%
634,912 ARB
Abstain: 0%
36,140 ARB
Voting Period
-Proposer
0x1B686eE8E31c5959D9F5BBd8122a58682788eeaD
Discussion
Go to DiscussionDescription
In April 2023, the Arbitrum DAO passed a proposal for diversification of 35 million ARB into stable, liquid and yield bearing assets.
The committee appointed to examine applications has come out with its list of recommendations. We commend all 30 service providers that submitted an application under the program. After perusal of each application, the final recommendations are as follows (denominated in $ARB tokens);
Securitize BUIDL - 11 million Ondo USDY - 6 million Superstate USTB - 6 million Mountain USDM - 4 million OpenEden TBill - 4 million Backed Finance bIB01 - 4 million
This vote seeks to approve (or reject) the above list of service providers that ArbitrumDAO should use for diversifying its treasury, under the first iteration of the STEP program. A vote in favor instructs the Arbitrum Foundation and program manager to begin the process of executing these recommendations. A vote against will lead to the committee reconvening and examining the reasons posted by delegates to come up with a revised allocation addressing the concerns.