Discover more from Coinshift Newsletter
$ 1.2 Billion total assets and $41.6 million in payouts, We're live on Polygon, UniSwap Grants Program X Coinshift Case study, Treasury Proposals & Good reads...
Growth Numbers 👀
Latest Coinshift Stats
Total Users - 388
Payouts - $ 41.6 M ✅
Total assets - $ 1.2 Billion ✅
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➡️ We’re live on Polygon
WebApp - https://coinshift.xyz/
Coinshift is bringing its market-leading DAO Treasury Management tools to Polygon, including
Unified reporting & more 🔥
Find out more: https://bit.ly/3ut26OF
➡️ Uniswap Grant Program X Coinshift Case Study
Uniswap Grants has surpassed 6 million USD in payouts using Coinshift!
We are extremely proud to work with Uniswap Grants in its mission to cultivate talent and seed innovation across the entire Ethereum ecosystem.
Summary of Transactions:
$6.25M in payouts to date
$3.1M in total assets currently managed through Coinshift
120+ grantees receiving transactions
More on our cooperation here: https://bit.ly/3L7gRfZ
1️⃣ Aavegotchi Proposal: Creating the DAO Treasury Taask Force (DTF)
DAO Treasury Taask Force (DTF) is a dynamic committee composed of 8 members with the reassessment of membership by the DAO within 6 months.
Initial mission and goals of the committee:
Grow and optimize the DAO treasury with an emphasis on safety, security, and transparency.
Partner with Pixelcraft to assist in developing and identifying tools and infrastructure for ongoing DAO Treasury management
Foster and encourage the growth of the overall Aavegotchi community by increasing awareness, actively promoting adoption, and maintaining current user engagement.
Starting out with a 50,000 GHST budget, this budget will be used to expand the flexibility of incentivizing & rewarding engaged community members, developers, creatives, and overall contributors. Further budget requests beyond the initial 50,000 GHST would require a DAO vote.
While DTF’s core main initiative will be to form a proposal for the overall use of the DAO Treasury by investing some of the $10 million DAI/GHST in yield-bearing opportunities.
DTF will also ensure comprehensive accounting and provide community-facing documentation to ensure transparency.
Read the proposal here
2️⃣ Hector DAO Proposal: $250,000 investment from Hector DAO treasury into upcoming Metaverse projects!
Hector DAO will allocate $5,000,000 from its DAI treasury to 10 different medium-high risk investments (500k each)
Also, launching TIP(Treasury Investment Proposal) governance system.
TIP voting will decide which one out of four Metaverse projects is eligible for investment of $250,000. Four projects are:
$250,000 instead of $ 500,000 because these projects do not have top-100 market caps and have a higher risk/reward ratio than blue-chip projects. ( higher risk/reward ratio means more potential upside but also more potential downside)
After the end of this proposal, Investments will be done by withdrawing $ 250,000 from the Treasury to a secondary wallet.
Read the proposal here
3️⃣ Olympus DAO Proposal: Flow Carbon/Goddess DAO Launch Liquidity Assistance Proposal on Olympus DAO
Flow Carbon/Goddess DAO aims to accelerate market adoption of tokenized carbon offsets, creating a liquid and transparent market. This market gives project proponents who create offsets access to instant liquidity, from the same pool that corporates can buy from at scale.
Goddess DAO with gOHM launch liquidity will provide $1.5mm gOHM liquidity with its GNT token - which will then be bonded back to Olympus as gOHM bonds through Olympus Pro with the condition that it will be retained in the Olympus treasury.
Note: Goddess DAO will not reduce or dispose of the gOHM within 24 months of launch without the consent of Olympus
Olympus will swap 80% of the BCT (Base Carbon Tonne by Toucan Protocol) in its treasury for GNT to be held in the Olympus treasury and used to interact with Klima for the purpose of bonding or redeeming for KLIMA tokens.
Goddess DAO will provide $50K GDSS to Olympus to seed a liquidity pool of gOHM-GDSS and bond a further $50K in gOHM to Olympus through Olympus Pro
Goddess DAO will provide Olympus 1.5% of GDSS supply on the condition that it can’t be disposed of without the consent of Goddess DAO.
Read the proposal here
Coinshift simplifies treasury management by providing efficient multisig tooling to save time & money for crypto teams.
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