Discover more from Coinshift Newsletter
$6.7M in payouts, $75M assets imported & Add/Remove/Swap owners is live, Llama’s next move is to build PoolTogether’s Treasury Strategy and more.
🌈 Hey MultiSafers,
Developing software and making it a success includes backend, frontend, designing, and on top of that marketing and reliable community members who trust and support the people involved. That could seem to be a small influence but it means a lot to the ones involved in setting up the shot in the first place.
Software and our culture are something we’re developing daily. Sharing what we’ve achieved as we keep on building the best treasury management software.
Latest MultiSafe Stats
Total Users - 96
Payouts - $6.7M ✅
Total assets - $75 Million ✅
How about sharing the newsletter with your peers or the ones you find would be interested.
Do you know - We spend a lot of time creating the best Treasury management software. And our driving force is your feedback. So reach out to us at - Discord Channel
Every response will be read. ✌️
🔥 This week in MultiSafe
Add/ Remove/ Swap Owner is Live
We have pushed the release today for adding, removing, and swapping gnosis safe owners from the MultiSafe dashboard.
Biconomy Integration is Live
Organizations can now do gasless transactions at MultiSafe without having Ethereum in their metamask account.
Note - This feature is a request only as of now.
Switch between multiple safes without Logout.
Add/update Labels to your transactions.
🔥 What’s new in crypto Treasury
👉 Llama’s next move is to build PoolTogether’s Treasury Strategy.
Llama will provide weekly updates on the PoolTogether strategy to keep the community updated about the progress. The strategy presented in the report will have the breakdowns along with the considerations and risks involved.
The framework established as of now will evaluate existing solutions available. Few protocols considering includes -
Maple Finance | under-collateralized lending
UMA | range tokens
Iron Bank | under-collateralized lending
JellyFi | under-collateralized lending
Ondo Finance | fixed rate products
Ruler Protocol | wrt C.R.E.A.M Protocol
Now the further discussion is going on that if PoolTogether is having any additional strategies/protocols that Llama can explore and it can be included in the report.
Additionally, PoolTogether is working on a new Liquidity-as-a-Service initiative. This will help earn a yield on native POOL tokens while providing liquidity on Uni and Sushi liquidity pools.
Click here, to know more.
👉 Aave’s treasury management vision.
The main focus of the Aave protocol is mainly innovation, growth, and building relationships with the DeFi ecosystem. As treasury management and financial reporting are at early stages, Aave believes to set an example by productively managing its treasury that can be used by others within the DeFi ecosystem.
The plan is to invest unproductive capital to get returns achieving a goal of exceeding inflows rather than outflows. On-chain data will be monitored through statistical parameters to check the best growth drivers ensuring Aave is allocating capital and energy as efficiently as possible.
A Treasury Committee will be created consisting of 5 community-elected individuals from within Aave and Llama and these members will be ensuring open and transparent communication across the ecosystem.
Snapshot will be used to know community sentiment towards the different ideas proposed. This means that the community will decide what all will be executed and the committee will only be responsible for the first point of contact for treasury-related matters.
Click here, to know the broader picture of the framework.
If you’ve got thoughts on what should be discussed or any other feedback. Join us at our - Discord Channel
👋 👀 See ya’ll next week!
MultiSafe aims to simplify crypto treasury management for Companies & DAOs - built using Gnosis Safe, IPFS & Filecoin.
Stay connected. Stay Awesome 🤘