Treasury House
Treasury House
$17.5M in payouts, $791M assets imported. Treasury proposals of Pool Together, Olympus DAO, and ShapeShift DAO.
🌈 Hey Fam,
A look at our growth numbers 👀
Latest MultiSafe Stats
Total Users - 196
Payouts - $ 17.5M ✅
Total assets - $ 791Million ✅
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Every week, we share the curated treasury proposals to update our readers about the latest implementation across Crypto Treasuries.
1️⃣ Pool Together has proposed to create a Treasury working Group (TWG)
Treasury working Group will be community-driven focused on research and analysis. The committee members would have expertise in finance, capital management & risk management with the progress shared in weekly community calls.
The Treasury committee consists of eight members including high-level deliverables like -
Before deploying $1.5m in POOL in a variable rate position on Ondo Finance, the committee members should have greater insight into FEI Protocol’s stability, use of oracles, and the depth of liquidity within Uniswap V2.
Analyze the use of stablecoin assets within the treasury to accelerate growth on PoolTogether V4.
Evaluate ways to increase the composability of PoolTogether deposits.
Review the efficacy of the Olympus Pro bond sale and any subsequent proposals passed to increase liquidity without using POOL liquidity mining incentives.
Helping PoolTogether reach the goal of $1B TVL. The Approved Treasury working group will operate for a trial period of one quarter.
Read the proposal here.
2️⃣ OlympusDAO’s proposal to add stables to Treasury
Olympus is looking forward to adding other stables like $MIM or $UST other than DAI. Because $MIM and $UST allow massive yield opportunities on the risk-free value of treasury stables.
Example - Looping MIM and UST through Anchor and Abra for 100+% yield
About $UST and $MIM -
TerraUSD (UST) is the decentralized and algorithmic stablecoin of the Terra blockchain. It is a scalable, yield-bearing coin that is value-pegged to the US Dollar.
Abracadabra.money is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stablecoin $MIM or Magic Internet Money.
Read the proposal here.
There are other proposals where you can participate and vote -
➡️ Proposal to diversify a part Treasury in crypto-backed precious metals or shares of gold and silver - Click here to vote for the proposal
➡️ Proposal to launch on Polygon - Click here to vote for the proposal
➡️ Proposal to launch on Solana - Click here to vote for the proposal
3️⃣ Shapeshift DAO workstream dedicated to tokenomics
This proposal relates to the creation of a workstream that would focus on a broad range of issues related to treasury management and Shapeshift’s FOX token value-accrual. There will be a tokenomics leader who would be responsible for bringing clarity to the current ambiguous structure and strategy, as well as providing guidance and direction to other community members operating in the workstream.
By this ShapeShiftDAO and FOX Token can achieve their greatest potential along with
Engaging community members and
Contributing in discussions and decision-making around topics such as treasury management and engagement with novel DeFi protocols
For the first four months, the Tokenomics Workstream Leader deliverables will include -
Creating a “State of the FOX” snapshot that provides an updated view of our treasury, current partnerships, and value-accrual strategies. With a clear picture of where we are now, we’ll be better positioned to execute our strategic objectives.
Creating strategic treasury management diversification goals, for consideration by the Treasury Management Committee.
Diversification of the treasury
Building a team of tokenomics contributors.
Contributing to the creation of new value-accrual mechanisms for FOX.
Read the proposal here.
Good Reads📚
🔥 A New Mental Model for Defi Treasuries
In case you missed it 🗞
🤝 Coinshift partnership with Credmark for Risk Assessment for DAO & Company Treasuries
🗞️ Treasury House (Nov 18 - Nov 23)
🗞️ Treasury House (Nov 13 - Nov 17)
🗞️ Treasury House (Nov 5 - Nov 12)
About Coinshift
Coinshift aims to simplify crypto treasury management for Companies & DAOs - built using Gnosis Safe, IPFS & Filecoin.
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