Treasury House
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Treasury House
$ 1.3 Billion total assets and $ 43.2 Million in payouts, Invite for Treasury AMA with Credmark, Treasury Proposals & Good reads...
Growth Numbers 👀
Latest Coinshift Stats
Total Users - 410
Payouts - $ 43.2 Million ⬆️
Total assets - $ 1.3 Billion ⬆️
We spend a lot of time creating our Treasury management platform & this Newsletter so that we can provide you with the best experience and latest implementation across Coinshift & Crypto Treasuries. In this, our driving force is your feedback.
So, reach out to us on Discord. Every response will be read. ✌️
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➡️ Treasury AMA with Credmark
We’re having Treasury AMA with Credmark on Friday, 11th Feb | 18:00 (CET)
Guests:
About Credmark
Credmark is a community-driven project that connects data providers, risk modelers, and DeFi users. As DAO treasury management matures and evolves, the importance of risk assessment will increase. Credmark is a key player in helping DAOs understand and quantify risk.
Learnings :
History of Credmark & what problems they're helping to solve.
How users can access Credmark Risk Terminal and Risk Library.
Which key metrics from Traditional Finance are not applicable in DeFi, plus changes in valuation methodology when moving from TradFi to DeFi
Current state of their Treasury, challenges while managing Credmark treasury and how they leverage risk assessment while managing funds from their own treasury.
❓What else would you like to ask Credmark? Drop questions in the comment section.
Set reminder here - https://bit.ly/3J9H0Jp
Proposals
1️⃣ Gnosis Safe Proposal: Spin-off safeDAO and launch SAFE Token
Gnosis Safe has is critical infrastructure for Web3, safeguarding digital assets for DAOs, institutions, collectives and individuals.
Gnosis Safe users manage, in self-custodial manner, $100B worth of assets on Ethereum Mainnet alone
Overview of Gnosis Ecosystem
Token Utility
Token Supply
At genesis, 1 billion SAFE Tokens will be minted by the Safe Foundation. The SAFE Token has a fixed token supply.
Token Distribution
SAFE Token distribution - 20% of the total supply will go to the benefit of GNO holders
Gnosis DAO Treasury
GnosisDAO should not have >7% of the circulating supply
If the liquid ownership stake of GnosisDAO surpasses 7%, it must further distribute it, by selling, issuing to GNO holders or other means.
SAFE Tokens should be used to decentralize GNO holder structure
When tokens are issued to GNO holders, this should be done via a lockdrop rather than a retrospective airdrop. This guarantees that tokens are directly used to attract new GNO holders rather than just reward past holders.
Joint GnosisDAO <> SafeDAO Treasury
5% will be allocated to a joint treasury, controlled by the GnosisDAO and SafeDAO in a 2-out-of-2 Multisig. This joint treasury will be used for rewards that are in the mutual interests of the Safe and Gnosis communities. For example, rewarding Gnosis Safe users on Gnosis Chain leading for increased adoption of both.
Read the proposal here
2️⃣ Aavegotchi Proposal: Deposit 3,000,000 GHST from the Treasury into Aave
Key Highlights:
Aavegotchi’s GHST token has successfully listed on Aave as collateral.
Within the first 24 hours of listing on Aave, the utilisation rate is 45% with a deposit APR >3%.
The proposal to deposit 80% of DAO Treasury GHST (~3,000,000 GHST) into Aave as collateral to earn passive yield.
3% APR which is nearly $90,000 which can be used to further invest in the Aavegotchi ecosystem through DAO initiatives.
A separate proposal to be considered for the additional 20% and for the 2.4M DAI in the treasury.
Holdings of Aavegotchi treasury
Read the proposal here
3️⃣ Aave Proposal: Adding Maker DAO’s Multi-Collateral DAI to the Aave ARC Market
Key Highlights:
This proposal includes successful onboarding of Maker DAO’s Multi-Collateral DAI to the Aave ARC Market.
Dai is a stablecoin backed by multiple collateral types, mainly ETH, WBTC and other stablecoins such as USDP (Paxos Dollar) and USDC (Circle USD Coin).
For Institutions:
Maker DAO has facilities for institutional clients to leverage their own positions (either crypto, via regular vaults - or real-world assets via RWA vaults 1)
Moreover, Multi-Collateral DAI on a permissioned market like Aave ARC allows institutions to get right into DeFi products without having to jump through hoops to stay in the clear KYC-wise.
Few onboarded financial institutions includes:
Societé Generale (borrowing Dai against government-issued bonds)
Nexo (offering our Vault solution to their platform’s users)
Read the proposal here
Good Reads📚
🔥 Why DAOs need to diversify - By Bankless DAO
🔥 Why an NFT Metaverse Treasury is the Perfect Utility - By Zensible
About Coinshift
Coinshift simplifies treasury management by providing efficient multisig tooling to save time & money for crypto teams.
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