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The Arbitrum Foundation is asking the DAO for ~$43.5M to fund another year of operations.
- $16M in RWAs/stablecoins
- 1,740 ETH (~$3.5M)
- and 230M $ARB (~$24M).
230M ARB is ~3.7% of total supply. For a year.
Meanwhile the DAO made $23.49M in revenue in 2025.
So the Foundation is operating at 2.3x DAO revenue.