Treasury House
Treasury House
Over $1 billion in total AUM and $24 million in payouts 🔥🔥, Treasury AMA-Partner Highlight, Treasury proposals, tweets, Good reads & more...
🌈 Hey Fam,
We’ve crossed $1 billion in total assets and $24 million in payouts 🎉🎉
Latest MultiSafe Stats
Total Users - 210
Payouts - $ 24.8 Million ✅
Total assets - $ 1 Billion ✅
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Every week, we share the curated treasury proposals to update our readers about the latest implementation across Crypto Treasuries.
We are having Treasury AMA discussing Fixed Rate Yields on Treasury Assets.
Our first guests are Will & Windra from Element Finance
About Element Finance
Element is the perfect treasury diversification solution for many Defi protocols, allowing users to earn fixed rates on their treasury capital.
We’ll be discussing:
Why include fixed-rate yield as part of an overall Treasury Strategy?
What are the main use cases for Treasuries?
Are fixed yields primarily for Stablecoins, or other assets like BTC or ETH, as well?
How does Element Finance differentiate itself within Treasury Management?
❓What should we ask Element Finance about their offerings for DAO Treasuries? Let us know here - https://bit.ly/3pu645u
Set reminder here - https://bit.ly/3lDcf6e
🗓 Friday, 10th December | 18:00 (CET)
📍Twitter Spaces
1️⃣ Balancer Protocol's Treasury Swap Proposals
In our last newsletter, we mentioned Balancer protocol moving its Treasury Control to Governance Multisig. Now, this week there are two new proposals on Treasury swap -
➡️ PrimeDAO <> BAL Treasury Swap
A partnership between Balancer and Prime DAO in order to strengthen the relation. They’ve agreed upon the following contributions -
Prime DAO commits to building on Balancer protocol and development support to Balancer DAO.
Prime product suits like Prime Launch (LBP interface), Prime Rating (research sub-DAO), Prime Pools (DAO governed Balancer Pools), and Prime Deals (Interface for DAO agreements) is aligned to provide value to BalancerDAO and aligned DAOs.
Co-liquidity provision -
To align Governance interests, they're creating the co-liquidity provisions.
25,000 BAL from the Balancer Ecosystem Fund would be transferred to PrimeDAO at the end of PrimeDAO's LBP to bootstrap a PRIME / BAL pool with 50/50 weights and 2,5% trading fees.
PrimeDAO will seed a pool with the 25,000 BAL and match it with the same $ value in Prime. Once the pool is initiated, PrimeDAO will transfer 50% of the Balancer Pool Tokens to the Balancer Ecosystem Fund to complete the transaction.
The pool will be called the Balancer <> PRIME pool (BLxPR) and function as a liquidity bridge between the two DAOs.
Read the proposal here.
➡️ MTA <> BAL Treasury Swap
MTA is mStable's governance token. mStable is a Decentralised Stablecoin Ecosystem composed of a capital-efficient AMM and a high-yielding savings account product.
mStable is about to release its version of the Gauge controller, which will dictate rewards distribution over the next five years (~35m MTA).
Balancer pools that are receiving MTA rewards:
One on Mainnet [MTA / WETH Balancer pool]
One on Polygon [MTA/WETH/WMATIC Balancer pool]
Opportunity - Shared governance and treasury diversification, on top of bringing significant extra TVL to Balancer.
20k BAL against the equivalent USD value worth of MTA will be swapped.
MTA tokens would be sent from the mStable Treasury Asset Management subDAO to the Balancer -Treasury DAO
BAL tokens would be sent from the Balancer Treasury DAO to the mStable Treasury Asset Management subDAO
Read the proposal here.
2️⃣ Olympus DAO's partnership with Prime DAO
Getting into the league of Gitcoin and Balancer, Olympus DAO partners with Prime DAO on the same terms proposed to Balancer and Gitcoin.
Token swap of $250k in OHM from a 30 day TWAP from the date of execution of the proposal. In return for 500k Prime Tokens being 0.5% supply at a $50 million fully diluted valuation of PrimeDAO.
PrimeDAO's product suite offers collaboration as a service, and Olympus offers service as collaboration in its quest to evolve into an ecosystem.
PrimeDAO helps Olympus to scale its operational capacity by making the whole experience of negotiating and venturing with other DAOs a lot more efficient in multiple layers. On PrimeDAO's side, partnering with Olympus would allow PrimeDAO to onboard the DAOs in Olympus' ally network into its services.
Read the proposal here.
3️⃣ Olympus DAO's proposal to add UST to the Treasury
Earlier, Olympus DAO had a proposal to add stables to Treasury.
Recently, the new proposal includes adding UST to Treasury in the form of reserve bonds with an agreement by Terra to purchase a $1m bond across a one-month timeframe.
Treasury diversification Portfolio for Olympus DAOs $731,436,747 MV of treasury assets-
$401m in OHM-DAI,
$85m in OHM-LUSD,
$42m in OHM-ETH,
$34m OHM-FRAX,
$80m LUSD,
$75m DAI,
$13m FRAX
Now they are depreciating OHM-LUSD and LUSD bonds, so there is room for diversifying the Treasury with new reserve assets like UST, which can diversify the Treasury and hedge against centralized stablecoin risks.
Note: The target of 3.3% of RFV will be UST. If they exceed 5% of RFV, UST bonds will shut off (similar to LUSD) to promote healthy market growth.
Read the proposal here.
4️⃣ Spartacus DAO proposes to allocate 5M Dai from Treasury to liquidity mining on Lambda-2Pool on Curve
Allocating Spartacus treasury to earn Charm rewards on lambda-2Pool will drive synergy between the two protocols.
What is CHARM?
CHARM is the governance token for Spartacadabra.
What is Lambda?
LAMBDA is the magic stable coin summoned from collateralized assets using Spartacadabra protocols.
Source: Coin Introduction by Spartacadabra
Various other benefits include -
Spartacus treasury will earn Charm and transaction fees on Curve. Spartacadabra Lambda-2Pool current emission rate targets 16% APR on a 5M TVL.
Higher liquidity in Lambda-2Pool allows more Lambda can be replenished and borrowed against wsSPA collateral, encouraging more SPA stakers and improving SPA staked %.
Higher liquidity in Lambda-2Pool allows more Lambda to replenish and inject into the market.
More borrowed Lambda means more fees for Spartacadabra protocols and more buyback for Charm tokens.
Read the proposal here
Tweet on DAO Treasury
Good Reads📚
🔥 Coinshift: Invite for Treasury AMA with Element Finance
🔥 SquiggleDAO Treasury Diversification
🔥 Merit Circle’s Treasury report
🔥 Inside The Squid DAO Treasury
In case you missed it 🗞
🗞️ Treasury House (Dec 4 - Dec 9)
About Coinshift
Coinshift aims to simplify crypto treasury management for Companies & DAOs - built using Gnosis Safe, IPFS & Filecoin.
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