Reallocate Redeemed USDM Funds to STEP 2 Budget

📡 Protocol
ArbitrumArbitrum
Voting URL
https://snapshot.box/#/s:arbitrumfoundation.eth/proposal/0xfd373c58adbb013a05c778b71ccffb19e5bbefb8a100232f67eced33c58e22f7
Type of Vote
Off-chain
Our Vote
For
Rationale

This is the most straightforward way to resume earnings without additional overhead / risk. Redirecting the idle $3.5M USDC into STEP 2’s yield strategy seamlessly restores the treasury’s income stream after Mountain Protocol’s shutdown. The move preserves the assets’ original yield-seeking mandate, adds no new counterparty or market risk after STEP 2 is already approved by the DAO.

Vote Date
June 9, 2025