Bittime – Arbitrum DAO, the decentralized autonomous organization (DAO) behind the Arbitrum blockchain , is exploring investment opportunities in real world assets (RWA) . They plan to allocate 35 million ARB tokens, worth approximately $37 million, into liquid and stable assets.
24 Companies Invited by Arbitrum DAO
This interest in investment diversification has attracted the interest of various companies. More than 24 companies took part in the open call held by Arbitrum DAO, including well-known DeFi protocols such as Frax , Centrifuge , and Ondo .
Apart from that, there were also big names from the world of traditional finance such as Franklin Templeton and BlackRock . Their involvement in presenting asset tokenization products, such as shares and bonds, to the blockchain network indicates that financial institutions are increasingly entering the crypto space.
The step taken by Arbitrum DAO and OffChain Labs, the developer of Arbitrum, to open a public proposal forum is worthy of appreciation. This collaboration between DAO and OffChain Labs resulted in a solid governance proposal.
The participation of DeFi and TradFi (traditional finance) teams has the potential to enrich real-world asset holdings in the Arbitrum ecosystem. The treasury endowment program (STEP) was born from discussions by developers of the Arbitrum blockchain protocol.
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DAO Arbitrum Plan Marks RWA Is Indeed Strategic for Investment?
Discussions with RWA protocols on the Arbitrum network show that they are more interested in real users of their products than in grant schemes. In addition, STEP also functions as an ecosystem development package for the RWA sector at Arbitrum.
Tokenization of physical assets has become a hot topic of discussion in the realm of blockchain technology. However, this topic has dimmed a bit with the return of the crypto bull market and the rise of high-risk trading activities in 2024.
Even so, proponents of tokenization, such as BlackRock CEO Larry Fink, remain optimistic. He argues that tokenization will be a hallmark of next-generation markets and securities.
Securitize Falls Interested in DAO Arbitrum Plan
The company Securitize, which has experience working with DAO Arbitrum, also submitted a proposal. They offer BUIDL , a $381 million Ethereum tokenized fund initiated by BlackRock. Meanwhile, Franklin Templeton filed for FOBXX, a BENJI tokenized product currently operating on the Stellar and Polygon blockchains .
Franklin Templeton, who has previously collaborated with the MakerDAO team, emphasized their expertise in DAO governance. The company is known to invest in various blockchains such as Aptos , Polygon, Arbitrum, and Avalanche .
A special committee consisting of various institutions experienced in DAO governance will review the proposals. An investment decision is expected to be announced in June 2024.
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A Plan with Promising Potential
Apart from investing in real assets, Arbitrum is also known for its DeFi ecosystem which offers staking opportunities and attractive annual returns (APY) .
A variety of DeFi yield farming platforms are available on Arbitrum, including decentralized insurance (decentralized insurance dApps), decentralized lending (decentralized lending dApps), and DeFi yield aggregator (DeFi yield aggregator).
Some of the leading yield farming platforms on Arbitrum include Portals.fi, Liquid Finance, Contango, Garbi Protocol, and Mellow Protocol.
The potential for yield farming on Arbitrum is promising, supported by high developer and user activity.
The Arbitrum Network also provides various well-known Decentralized Exchanges (DEX) such as Uniswap v3, SushiSwap, Syndicate Joe v2.1, Camelot v3, and Ramses v2. The presence of Uniswap v3, with its advanced liquidity approach, further strengthens the yield farming ecosystem at Arbitrum.
How to Buy Arbitrum (ARB) di Bittime
You can buy and sell Arbitrum (ARB) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Arbitrum (ARB) is available on Bittime with the market pair ARB/IDR . To be able to buy ARB IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Arbitrum (ARB) on Bittime .
Monitor price chart movements for Arbitrum (ARB) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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