ArbitrumThis 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.