Arbitrum Transfers Funds as Covered Calls Boost ETH APY to 5.2%

Arbitrum DAO transferred 1.74K ETH, $10.2M BUIDL, and $5.6M USDY to the Arbitrum Foundation in July. Covered calls written on 6.75K ETH notional. ETH APY rose from 2.9% to 5.2%. $8.6M USDC deposited into Spark. Watchdog budget stands at ~561K ARB.