On June 24th, the official governance forum revealed that the Arbitrum STEP committee initiated discussions on the proposal to inject DAO treasury funds into the RWA field. The proposal states that in order not to over-diversify the funds and increase the risk of operation or default resulting in loss of principal, the committee selected 6 products from the 17 shortlist previously shared. The specific amount for each provider is mostly based on the existing asset management scale. The proposal proposes to diversify the treasury funds by 1% annually through RWA ecological growth. The selected applicants and the allocation amount (ARB) are as follows:
Securitize BUIDL - 11 million ARBs;
Ondo USDY - 6 million ARBs;
Superstate USTB - 6 million ARBs;
Mountain USDM - 4 million ARB;
OpenEden TBill - 4 million ARBs;
Backed Financeb IB01 - 4 million ARBs.
A snapshot vote on the proposal is scheduled for Monday, July 1, with a comment period of approximately 10 days.
Arbitrum STEP Committee Launches Proposal Discussion on "Injecting 35 million ARBs into RWA Ecosystem"
2024-06-24 07:29:53
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