Home > web3.0 > Arbitrum DAO Proposes $27M Investment in Real-World Asset Products to Diversify Treasury

Arbitrum DAO Proposes $27M Investment in Real-World Asset Products to Diversify Treasury

PHPz
Release: 2024-06-25 21:01:34
Original
841 people have browsed it

TheArbitrumEndowmentCommitteeisembarkingonanexcitingjourneytoconnecttherealmsoftraditionalfinanceanddecentralizedfinance(DeFi).Inaboldmove,theyaresuggestingasubstantial$27 million**investmentinsix**real-world**assets(RWA)products

Arbitrum DAO Proposes M Investment in Real-World Asset Products to Diversify Treasury

Arbitrum’s **DAO** is venturing into the realm of traditional finance by proposing a **$27 million investment in six real-world assets (RWA) products to diversify their DAO treasury. Unchained Podcast highlighted the recent proposal by Arbitrum’s Endowment Committee to allocate a portion of the DAO treasury into yield-bearing assets, with over 17% set to be allocated to USD stablecoin. However, it's important to note that USDY is not, and may not be, offered, sold, or otherwise made available in the US. This and other legal restrictions may apply to USDY's resale and any other transfer.

The above is the detailed content of Arbitrum DAO Proposes $27M Investment in Real-World Asset Products to Diversify Treasury. For more information, please follow other related articles on the PHP Chinese website!

source:kdj.com
Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Popular Tutorials
More>
Latest Downloads
More>
Web Effects
Website Source Code
Website Materials
Front End Template