Arbitrum DAO's proposal to diversify 35 million ARB tokens into stable, liquid and yield-earning assets passed

PANews reported on July 12 that according to the Arbitrum DAO announcement, Arbitrum DAO passed a proposal to diversify 35 million ARB tokens into stable, liquid and profitable RWA assets. The STEP Committee proposed the final distribution recommendations: 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) and Backed Finance bIB01 (4 million ARB). The voting results showed that 99.44% of the votes supported the proposal. The Arbitrum Foundation and project managers will then be instructed to begin implementing these recommendations.