Discover more from Coinshift Newsletter
$9.5M in payouts, $197M assets imported, MultiSafe updates, BadgerDAOs Yield Retention Model, etc.
🌈 Hey MultiSafers,
In this one-week sprint, our team has focused on Integration testing and bug fixing.
We’re ecstatic to share our growing numbers every week and this will keep on increasing as there is a lot more we’re coming up with.
Latest MultiSafe Stats
Total Users - 128
Payouts - $9.5M ✅
Total assets - $197 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
This week we majorly focused on fixing bugs and feature enhancements to provide a more seamless experience to our users.
🙌 Single Signer Issue
The UI shows a blank screen on the transaction details page for a safe account with a threshold equal to 1. It happens when a user tries to change the threshold to 2 or more. This issue will be fixed by this week and will be released soon.
🙌 Paraswap Integration Testing
We are glad to share that we have completed the integration with paraswap and internally testing it. Users will be soon able to swap treasury assets and token approvals in a single atomic on-chain transaction to save gas fees and time.
🔥 What’s new in crypto Treasury
👉 BadgerDAOs Yield Retention Model
BadgerDAO is focused on providing the highest yield to its vault depositors by restructuring partner strategy.
Initially, 20% of its assets will be used to generate auto compounding of token yield generated by ibBTC. ibBTC token emissions are accumulated by the ibBTC contract with no easy way to pass that yield to ibBTC holders then ibBTC is intended to be used across chains and protocols making it usable across different chains without dev work being done.
By depositing with badger, if ibBTC grows to be a significant holder of all vault positions, depositors can receive additional yield above and beyond what is paid in performance fees.
An overview of how this will be implemented -
Click here to know more and vote for this Proposal.
👉 Aavegotchi staked their Treasury funds to generate play2earn Rewards
Aavegotchi has come up with the low-risk solution of staking a portion of their DAO treasury funds to generate FRENS/tickets. FRENS can further be transformed into raffle tickets used for rewarding mini-game players periodically.
Right now, the main problem is the structure of funds and their distribution. It will be executed once Arcade DAO launches and allows its new committee to decide how funds will be designated. This will open the doors to organize rewarding periodic events and support the active growth of the development community.
Click here to know more about the Proposal
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 🤘