Arbitrum DAO announced that the community has approved the allocation of 35 million ARBs to various stable assets with a total investment value of approximately $15.50 million. The funds come from the project's Stable Treasury Endowment Program (STEP), which previously allocated 35 million ARBs to investments in six products in June 2024.
STEP is a plan to invest 1% of Arbitrum DAO funds in tokenized RWA, aiming to diversify DAO funds while leveraging industry growth to generate earnings. The latest allocation is part of Arbitrum DAO's STEP 2.0 plan. Together with 35 million ARBs from STEP 1.0 and 15 million ARBs managed by treasury, the total RWA investment amounts to 85 million ARBs. Arbitrum DAO said the investment is currently one of the DAO's largest.
Arbitrum DAO Proposal for "Allocation of 35 million ARBs to RWA Investments" Passed
2025-02-19 05:11:14
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