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Arbitrum Step Committee Proposes Diversification of DAO Treasury Funds

24/06/2024 15:34

According to Odaily, the Arbitrum Step Committee has initiated a discussion on a proposal to inject DAO treasury funds into the RWA sector. The proposal aims to avoid excessive dispersion of funds and increase operational or default risks leading to capital loss. From a previously shared list of 17 candidates, the committee has selected six products. The specific amount for each provider is largely based on the existing asset management scale. The proposal suggests achieving 1% diversification of treasury funds annually through RWA ecosystem growth. The selected applicants and allocated amounts (ARB) are as follows: Securitize BUIDL - 11 million ARB; Ondo USDY - 6 million ARB; Superstate USTB - 6 million ARB; Mountain USDM - 4 million ARB; OpenEden TBill - 4 million ARB; Backed Finance bIB01 - 4 million ARB. A snapshot vote on the proposal is planned for July 1, with approximately ten days reserved for comments.

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