Growth this week, Architecture revamp, Llama Diversified Index strategy and more...
🌈 Hey MultiSafers,
This week we have got you handful of data that will give you an overview of all the activities happening in MultiSafe. The weekly stats will be shared on the newsletter so that we’re able to share our growth with all of our community members.
Latest MultiSafe Stats for this week
Total Users - 82
New Users this week - 07 (5 new Companies & 2 new DAOs)
Payouts - $300k ✅
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
🙌 Architecture revamp & Syncing with Gnosis Safe
MultiSafe owners will be able to (Add, delete or Swap) other owners on dashboard soon.
On Gnosis Safe, this is done via address change with no shared meta data associated with it e.g name of the owner
On MultiSafe, when the users want to swap other owners via MultiSafe dashboard, they can enter name of the owner and other meta data which can visible to other owners for seamless swapping.
When the swapping is done outside of MultiSafe, Our backend admin need to fetch the updated owners from the blockchain and map the meta data with the owners automatically.
Now if the owner swaps other owner outside of MultiSafe, automatically the name will be replaced and it will start showing ‘New owner’. The name can be further changed by owners using MultiSafe dashboard. This is a more scalable approach whether the owners are updated inside or outside the Multisafe, they will have lot of flexibility.
🙌 Increasing our Team
We’re increasing our Team. Share it with your friends or anyone who is eligible for this position.
Apply here - https://angel.co/company/multisafe
🔥 What’s new in crypto Treasury
👉 Llama partners with Index Coop (IC) to co-manage the Llama Diversified Index strategy.
Llama is launching Llama Diversified Index (LDI) which intends to offer a sophisticated portfolio management solution. A diversified crypto index that optimises returns relative to risk across various sub-asset classes within the crypto ecosystem.
An effective portfolio solution will be provided to both DAO treasuries and individuals in which allocation will be initially divided into 6 sub-asset classes: Stablecoins, Bitcoin, ETH, DeFi, Metaverse, and Web3 Infrastructure. Sub-asset classes could change over time as new themes and asset types emerge.
An example of the portfolio composition -
Llama will periodically provide Index Coop with an updated LDI composition.
An ability for DAO treasuries to deposit large sums of capital into a contract that acquires the underlying assets gradually over time to minimise slippage.
P.S - Llama and Index Coop are still in discussion for the fee structure.
Click here to read more about it.
👉 SushiSwap : Sushi Phantom Troupe
SushiSwap has come up with the broader Treasury Diversification plan using a portion of the ~51m SUSHI that is currently being held by the SushiSwap Treasury be used to onboard institutional investors.
Up to $60m (25% of Developer Treasury) with up to 10m allocated to community members.
Vesting Terms: 6-month cliff followed by 18 month linear vesting
Base Case Price: range of 20-30% discount to 30-Day TWAP (ending day of snapshot proposal if accepted)
Click here to know more about the ticket size and strategic investors.
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 🤘