Mo

Quant Research Lead @entropyAdvisors, PhD Researcher @uzh_en @uzh_blockchain | prev. Head of Data Science @21shares

[Entropy Advisors @EntropyAdvisors]

Every stablecoin deployment under the @arbitrum DAO Treasury Management Portfolio is yielding above the USD benchmark (Aave USDC supply rate at 3.02%).

Supported by @sparkdotfi, @morpho, @USDai_Official, and @maplefinance, with positions range from 3.63% to 5.00%.

[Entropy Advisors @EntropyAdvisors]

Aave V3 USDC supply rate is sitting at 3.5%-4.5%, roughly 1-2% above pre-rsETH hack levels.

The rate is now converging with other lending and yield products in the industry, including Sky's sUSDS, Maple's syrupUSDC, and the USDC lending yield on Steakhouse Prime Vault via Morpho.

This could be a signal that depositors are repricing the risk in DeFi.

[Matt @MattFiebach]

I'm so damn appreciative that I get to work exclusively with smart people everyday.

@0x___Brick Dissects and models complex financials better than a principle at GS and pairs it with insane crypto nativity.

@tomwanhh King of analytics. No one formulates more valuable metrics from raw data. Nuff said.

@AliTslm Dominating force for database and querying vigor. Ensures every data ingestion and query compounds across the team (and agents).

@0xPruitt - Ensures not a single deliverable slips in timeline or quality. Internally known as young JFK for his charismatic nature and heavily respected opinions.

@RyanRemaly Shadowy super coder. In two words: Skillful, Versatile.

@mobenseddik Grounding every Entropy decision, bringing rigorous methodology to simulations and each function he touches.

@tETHtosterone Constantly surfacing (or pulling out of thin air) the best risk adjusted yield opportunities in crypto. One of the best allocators in the industry.

@0xpibs Aesthetic dashboard extraordinaire, not settling with his work until he's more familiar with a protocol than the core team themselves.

and of course @swmartin19 who has the unique eye for talent that gets full credit for putting together this superhero squad. Could have been a baseball scout, for some reason he chose crypto.

[Entropy Advisors @EntropyAdvisors]

Combined market cap of DRIP Season 1's target yield bearing stables on Arbitrum is ~$740M today, up from $200M when the program started.

Incentives ended almost 3 months ago. The supply has held.

[Entropy Advisors @EntropyAdvisors]

The Arbitrum DAO Treasury Management Portfolio has deployed $9M into @USDai_Official, making it one of its largest holdings.

Arbitrum has been USDai's home since DAY 1 and the DAO is reaffirming its commitment to supporting AI-driven yield infrastructure together with USDai.

[Entropy Advisors @EntropyAdvisors]

The temp check from @aave to release 30.7k frozen ETH is still ongoing on @SnapshotLabs, with ~158M ARB voted at 99% support. The onchain constitutional vote that follows will require ~188M ARB to reach quorum.

Track the progress and see who has voted on arbdata[.]com.

[Entropy Advisors @EntropyAdvisors]

Arbitrum Analytics just got an upgrade. Arbitrum DAO's onchain governance is now live on arbdata .com

• 69 onchain proposals passed
• 6 Security Council elections
• 2,000 average voters per proposal

Full governance transparency for the leading DAO in the industry.

[Entropy Advisors @EntropyAdvisors]

The proposal to transfer 6k ETH and idle stablecoins to the Arbitrum Treasury Management Portfolio is live for an onchain vote, with 32M FOR votes so far (24.6% quorum).

Want to track the voting activities for the Arbitrum DAO?

Stay tuned for our announcement tomorrow. 👀

[Entropy Advisors @EntropyAdvisors]

The @aave total market size on @arbitrum has shrunk by $200M, going from $1.4B to $1.2B post @KelpDAO's rsETH incident.

Despite the exploit being mostly contained in Aave, the general sentiment has shifted and many users are adopting a risk-averse position.

A 🧵✍️

[Entropy Advisors @EntropyAdvisors]

The member election phase for the @arbitrum DAO Security Council is well underway, with ~140M votes cast so far.

Despite entering the decaying phase of voting power, delegates are still actively evaluating their options and assessing candidates.

Current top candidates:
🔹 @bkiepuszewski: 20.1M
🔹 @DZack23: 20.0M
🔹 @yoavw: 18.6M
🔹 @LewellenMichael: 18.4M
🔹 @Certora: 16.0M
🔹 @PabloSabbatella: 14.9M

[Arbitrum @arbitrum]

Commodities are just the start.

Every market is going programmable.

And it will be powered by Arbitrum.

[Entropy Advisors @EntropyAdvisors]

Prediction markets hit ~$26.75B in monthly notional volume in January this year, and March wasn't far off from that.

That marks roughly 260x growth since April 2024, where just under $100M of monthly notional volume occurred.

Why wouldn't this trend continue from here?

[Arbitrum @arbitrum]

The programmable economy is being built with real capital

And institutions are choosing Arbitrum to power it

[Entropy Advisors @EntropyAdvisors]

The @arbitrum DAO has officially crossed $3M in cumulative interest from its Treasury Management Portfolio!

The $1.5M mark was reached back on September 23rd, 2025, meaning the DAO's total interest has doubled in just 6 months.

~$90M is currently deployed, yielding ~4% APY.

[Arbitrum @arbitrum]

DRIP Season 1 shows what happens when incentives are designed for long-term growth - not short-term extraction.

Built on capital efficiency and disciplined allocation, lending on Arbitrum scaled fast:

- USD markets +38% -> $770M
- ETH markets +25% -> 400K ETH
- Yield-bearing stables: $130M -> $1B+
- DEX liquidity: $20M -> $120M

Led by @EntropyAdvisors, @Offchain and the Arbitrum Foundation, we began season 1 with @aave, @Morpho, @eulerfinance, @0xfluid, @SiloFinance, @Dolomite_io.

Result: stickier, more productive liquidity - a stronger foundation for DeFi on Arbitrum.

Season 2 is coming. Read more:

https://t.co/S3aDwHCBMe

[Entropy Advisors @EntropyAdvisors]

Boros just crossed $10M TVL for the first time since launch!

Driven by the recent surge in RWA Open Interest, it has grown ~230% MoM to ~$20M notional - now making up ~10% of all OI on @boros_fi

Over half of the RWA OI sits in Binance's XAU market.

[Entropy Advisors @EntropyAdvisors]

Good to see the Ethereum Foundation further exploring DeFi within DeFi.

Arbitrum DAO has been doing this for a while. A $100M AUM portfolio already deployed across RWAs, ETH and stablecoins on:
• @aave
• @0xfluid
• @morpho
• @gmx_io
• @sparkdotfi
• @lido
• @ether_fi

[Entropy Advisors @EntropyAdvisors]

As a leading incentive-design provider, we require the best data, so we built an in-depth dashboard on Merkl-run campaigns

Churn = Users who never made another transaction after claiming tokens via Merkl

Arbitrum: 10%
Ethereum: 11.2%
Plasma: 16.9%
Base: 51%
WorldChain: 96%

[Entropy Advisors @EntropyAdvisors]

Ethena is proposing to lend to Maple Institutional.

Maple Institutional depositors should be watching. The spread between Maple Institutional and syrupUSDC has compressed from 2.7% to ~0.7% in the past year. More capital deploying to the same book could compress yields further.

[Entropy Advisors @EntropyAdvisors]

~$10B sits across the top 10 DAO treasuries, but most of it is held in volatile assets and, notably, in native tokens.

During market downturns, the aforementioned leads to runway deterioration and budgets get squeezed.

The Arbitrum DAO has been diversifying its treasury into stables and RWAs since Q4 2024, and the actively managed portfolio currently stands at $90M

So far, the program has generated $2.6M in interest. Even with US Treasury and DeFi rates coming down, the portfolio is still yielding 3.7%