Non-Constitutional: Stable Treasury Endowment Program 2.0

📡 Protocol
ArbitrumArbitrum
Voting URL
https://snapshot.org/#/s:arbitrumfoundation.eth/proposal/0xcbf1ea37e0665a44f7b880736333984d3e0672e93231df5ab0d2a8a5b844a73d
Type of Vote
Off-chain
Our Vote
For
Rationale

We appreciate Devan and the committee members for their diligent executions and reporting in the initial STEP. The estimated annual yield, $875k from the $30 million endowment isn’t particularly impressive, but it should have played a good role in the Arbitrum RWA ecosystem. On condition that this is the last term of the STEP, considering other treasury diversification programs are planned, we support the continuation of the program with a great selection of the established actors in the committee and a reasonable budget.

Vote Date
January 16, 2025