Approval of STEP 2 Committee's Preferred Allocations

Following the completion of the allocations made in STEP 1, in February 2025 the Arbitrum DAO passed a proposal for the diversification of an additional 35 million ARB into stable, liquid, and yield bearing assets with the STEP 2 proposal.

We thank all applicants for their submissions and thoughtful participation in the process. The candidate pool was extremely robust, with over 50 applications including those from STEP 1.

The total value of the allocated ARB, still awaiting diversification, is currently ~$10.66M as of April 20th, 2025. The committee appointed to examine applications has come out with its preference for allocation and Entropy has been tasked to post on the committee’s behalf. After review of each application, the final recommendations are as follows (denominated as a percentage of the total budget);

WisdomTree WTGXX: 30%

Spiko USTBL: 35%

Franklin Templeton FOBXX (BENJI): 35%

Applicants who are not selected will have an opportunity to reapply in the next round and are welcome to message a committee member for private feedback. As a part of the evaluation in STEP 2, the committee reevaluated the commitments made in STEP 1 with some thoughts and requests relayed privately to the issuers of the tokens.

The committee is happy to field any questions under this forum post or privately and plans to take this proposal to Snapshot for final ratification on Thursday, May 1st.

Disclaimer The information provided in this proposal is for educational and informational purposes only and does not constitute financial, legal, or tax advice. Nothing in this proposal should be interpreted as an endorsement, recommendation, or advice to engage in any specific transaction, strategy, or investment. The information is presented "as is" without any warranties of accuracy or completeness. Delegates should consult with professional advisors for specific guidance before making any financial, legal, or tax-related decisions. Use of this committee recommendation is entirely at your own risk.