nullius in verba content & comms @arbitrum | prev @protocollabs @0xPolygon @ansa_research
Joined December 2022
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Savan retweeted
JUST IN: ArbitrumDAO backs plan to allocate 100 million $ARB to grow Paxos' USDG
The proposal had 99.04% support as of October 20, ahead of Thursday’s vote close.
It’s not often a $170B+ asset manager writes a deep dive on a single network’s business model
A great read on the Arbitrum platform from @WisdomTreeFunds
Here's an interesting take from the report:
“What Arbitrum offers is a home for the long tail of lower cost deployments, where low fees make an experiment affordable and let teams grow into business models cheaply.”
NEW research report from $170 billion asset manager WisdomTree today on the @Arbitrum business model.
This was shared by @WisdomTreeFunds with their clients this week as I joined their team to speak with representatives from 12 figures of managed AUM across roundtables and 1:1s in Europe.
From these meetings, I heard one theme louder than everything: tokenization across financial assets is accelerating and allocators are looking for the blockchain networks that are indexed to the revenue opportunity from this buildout.
In this note, WisdomTree tells its clients “to expect future enterprises to look at Arbitrum when launching their own network”.
They continue “until recently, digital assets did not have revenue in a traditional sense that an analyst would recognise. That has changed quickly. Increasingly, networks and the applications on them are building durable revenue."
Savan retweeted
One of the most common questions I get from developers and early founders: does @arbitrum have grants?
Yes. Here are 3 programs open right now that you can apply to today 🧵
Savan retweeted
Introducing the Arbitrum Stablecoin Growth Program.
Apps with $1M in stablecoin balances that make $USDG their primary stablecoin on Arbitrum can apply for the Arbitrum Stablecoin Growth Program that includes:
> Performance-based incentives
> Ecosystem support and perks
> 2M ARB prize pool for the first 10 teams to hit $10M of $USDG TVL
Apply today and learn more below. 👇🧵
airtable.com/appNPlINVhkcwny…
Just 6 months ago, a room like this would have been hard to imagine.
@WisdomTreeFunds brought together allocators representing €600B+ in assets for an intimate roundtable, all there to dig into the Arbitrum story and how it fits into portfolios.
The future is onchain, and it’s being built on Arbitrum.
Special shoutout to @itsbrendanma, the man of the hour.
What a room today. This is @Arbitrum and capital allocators representing over €600 billion of assets. Thank you for the warm welcome in Italy @WisdomTreeFunds.
It was a privilege to speak with, answer questions, and meet with many who joined me today to hear about the Arbitrum case for the programmable economy. From banks, to liquid funds, to private wealth advisor networks.
Over the course of 45 minutes and very efficient live translation, I made 3 cases to those leaning into the industry today:
Savan retweeted
This is one of the most significant events that occurred this year. Not because of the winding-down of AGV, that was unfortunate, because it is a signal that Arbitrum initiatives can be recalibrated by governance to match the market and priorities.
The amount of capital returned to the DAO was greater than the then current value of the tokens initially set out as part of the program.
Being responsible stewards of the treasury is one of the most common criticisms of protocols, Arbitrum has stronger checks and balances in place than any other major protocol.
TREASURY UPDATE: 129.18M ARB and 7M USDC have been returned to the DAO treasury since the AGV wind-down proposal passed in July.
The 7M USDC has been routed to the ATMC portfolio for deployment into yield-bearing strategies.
Any future deployment of the remaining treasury capital, whether into higher-yielding strategies or strategic opportunities, is controlled by ARB holders through governance.
Full update on the forum: forum.arbitrum.foundation/t/…
The Arbitrum treasury, controlled by ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1 holders, is growing. The growth is led by fundamentals, not just market moves.
> $30M+ returned to the DAO as AGV scaled down
> $5.8M in revenue (30D)
> $100M AUM under the DAO treasury mgmt, nearing $5M in cumulative interest
> Two more revenue lines added in the last month: PGA and USDG
Fewer open-ended commitments, multiple sources of earnings & supply nearly settled (94% of ARB vested, with full vesting by March 2027).
A stronger treasury means more room to back high-growth priorities like USDG, which feeds revenue straight back to treasury.
TREASURY UPDATE: 129.18M ARB and 7M USDC have been returned to the DAO treasury since the AGV wind-down proposal passed in July.
The 7M USDC has been routed to the ATMC portfolio for deployment into yield-bearing strategies.
Any future deployment of the remaining treasury capital, whether into higher-yielding strategies or strategic opportunities, is controlled by ARB holders through governance.
Full update on the forum: forum.arbitrum.foundation/t/…
September was Arbitrum's most underrated month
> Highest net income month for DAO til date at $4M+
> 2 new major revenue streams in PGA & USDG
> Continued gains in RWAs & perps
Arbitrum Autumn is truly upon us
Arbitrum Autumn 🍂
> $5.8M in revenue (last 30D)
> 7,200 in RWAs and counting
> $1.2B in perp volume (last 24 hrs)
> $31M+ in $USDG market cap (5 days since launch)
> PGA & Fast Feed (new revenue line) generated $200K+ in fees (2 weeks in)
It’s only the beginning
If you read one thing this week, make it this forum post
Days from now, this will look like an obvious but important case study for blitzscaling a blockchain platform
It's also kind of sexy watching the DAO operate like a high-growth startup
forum.arbitrum.foundation/t/…
Be the landlord, not the tenant.
Arbitrum has always driven huge stablecoin demand, but the yield went to issuers. USDG gives the ecosystem a dollar of its own with growth flowing back to Arbitrum & its builders.
Day one partners like @Uniswap @Morpho & @GMX_IO show the flywheel is already on.
Most bullish day for Arbitrum treasury since RH Chain.
Big day for Arbitrum, the ecosystem and the treasury
Can't wait for real numbers to show how big a deal this is
Savan retweeted
I know DAO governance isn't a hot topic right now, but Arbitrum keeps investing in making its governance more resilient: proposals can now be created and voted on directly from Ethereum L1, for edge cases where L2 governance is broken and the Security Council can't act.
Arbitrum is a top revenue-earning chain in September
Its best revenue month in nearly 2 years & roughly 5x its monthly average this year
Arbitrum szn is just beginning
JUST IN: Arbitrum generated a record $5M+ in revenue in September
> Monthly revenue is up ~5x
> Priority Gas Auctions (launched just one week ago as a new revenue stream) already generated $120K+
> 1.5B new transactions across the Arbitrum Platform so far this year
Arbitrum Autumn is in full motion 🍂
Savan retweeted
JUST IN: Arbitrum generated a record $5M+ in revenue in September
> Monthly revenue is up ~5x
> Priority Gas Auctions (launched just one week ago as a new revenue stream) already generated $120K+
> 1.5B new transactions across the Arbitrum Platform so far this year
Arbitrum Autumn is in full motion 🍂
The best place for RWAs
The best place for DeFi
The best place for perps
The best place to launch chains
The best place for enterprises to come onchain
The best place for devs to build apps
Savan retweeted
Arbitrum to pay for ecosystem security audits?!
@arbitrum, which is currently the world's most developed blockchain network, has promised to subsidise security audits for platforms building in its ecosystem, under its new 'Arbitrum Security Program'.
Auditors include the likes of @OpenZeppelin, @trailofbits, @cyfrin, and @Nethermind.
The support will be given in particular to those building on mainnet, those building chains using $ARB's toolkit, and projects jumping ship from other chains.
Savan retweeted
Only the start for Arbitrum as a business
Much higher
