Treasury House
Treasury House
$ 1.1 Billion total assets and $ 66.2 Million in payouts, Coinshift updates, Treasury Proposals & Good reads...
Growth Numbers 🎉
Latest Coinshift Stats
Total Users - 827
Payouts - $ 66.2 Million ⬆️
Total assets - $ 1.1 Billion ⬆️
We spend a lot of time building Coinshift’s Treasury management platform & curating the latest proposals & Good reads for this Newsletter. All efforts are done to keep our readers updated with the latest implementations across Coinshift & Crypto Treasuries.
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✅ Coinshift team is having Treasury AMA with Llama
We’re having treasury AMA with Llama on Friday, 11th March. Shreyas (co-founder, Llama) will join us for the event.
About: Llama is helping DAOs efficiently manage their treasuries by providing customized treasury frameworks like stablecoin diversification, liquidity incentives, token swaps, and more.
Some of the prominent DAOs they’ve worked with include - Aave, Uniswap, Gitcoin, PoolTogether, Fei Protocol, Index Coop, FWB, among others.
We’ll discuss:
How Llama helps DAOs diversify their treasuries. Best practices so far.
Any unseen challenges for DAOs who hold their treasuries in native tokens.
Different approaches of diversifying treasury assets into stablecoins.
Event Details:
🗓 Friday, 11th March | 11:30 AM (CET)
✅ DeepDAO Listing
Really excited to share that ‘Coinshift is now listed on Deep DAO’ under ‘Treasury’ category ✌️
Deep DAO is a crypto native data analytics site that provides extensive analytics and information about DAOs & other organisations.
Check this out: https://bit.ly/3CnW8k9
Proposals
1️⃣ Bankless DAO Proposal: Tokenomics - Migrate DAO-Owned Liquidity to Uniswap V3
About Bankless DAO
Bankless DAO is a decentralized community to coordinate and communicate about bankless media, culture, and education. Its goal is to drive adoption and awareness of truly bankless money systems like Ethereum, DeFi, and Bitcoin.
➡️ Proposal’s Key Highlights
Tokenomics Department is working on creating lending market for $BANK. Benefits:
This will allow $BANK holders to deposit and borrow against their holdings rather than selling.
Treasuries can open their own lending market.
Initially, Rari Capital Fuse Pool will be deployed on Ethereum mainnet as Rari Capital leverages Uniswap V3 oracles. Further, giving ability to launch on a Layer 2 lending protocol.
More on Uniswap V3 oracles
Implementation includes:
Pull the liquidity acquired from OlympusPro Bonding and migrate ~$500,000 in liquidity to Uniswap v3 as a full range position.
Uniswap can help generate 3x the revenue as it offers 1% fee pool on smaller cap, exotic tokens with more volatility while Sushiswap fees is 0.25%.
Read the entire proposal here
2️⃣ Aave Proposal: Add STASIS EURO(EURS) on Aave v3
About: Aave V3 provides new features while maintaining the core concepts like aTokens, instant liquidity, stable rate borrowing, credit delegation, etc..
New features includes:
Portal : allows assets to seamlessly flow between Aave V3 markets over different networks.
High Efficiency Mode : allows borrowers to extract the highest borrowing power out of their collateral;
Isolation Mode : limits exposure and risks to the protocol from newly listed assets by only permitting borrowing up to a specific debt ceiling;
Risk Management Improvements : provides additional protection for the protocol through various risk caps and other tools;
L2-Specific Features : designs specific to Layer 2 networks to improve user experience and reliability;
Community Contribution : facilitates and incentivizes community usage through a modular, well-organized codebase.
Source here
➡️ Proposal’s Key Highlights
STASIS team submitted a proposal to onboard STASIS EURO (EURS). It is the largest & most transparent euro-backed stablecoin, on Aave V3.
Market Cap: $135.2M
24h Volume: $7,4 M
Volatility: Very Low
Maturity: High
EURS stablecoin combines experience, trust, technology, and financial infrastructure to enable business growth, narrowing the gap between traditional finance and the global digital asset markets.
This asset uses multi-blockchain interoperability to shortcut financial inefficiencies, often present in old-school financial systems.
Total issuance/ fiat reserves: €124M
Total on-chain transfer volume: €4Bln
Multichain: Ethereum, Algorand (currently); Ripple, Polygon and XDC (in progress).
Risks includes:
Smart-contract risks.
Fiat currency risks: As EURS stablecoins are backed by fiat EUROS
Benefits for Aave v3 users:
Advanced fiat on/off-ramp: A new convenient gateway for European, Asian and Latin American users to get into the emerging digital asset world.
Global coverage
Ultimate Transparency
Enhance Performance in DeFi
Low-risk collateral
Read the entire proposal here
Good Reads📚
🔥 Why “Healthy Liquidity” Is Important for DAO Treasury Management by Bancor
🔥 DAO Treasury Management using Notional Finance
🎙️ Biden’s Crypto Executive Order | Sanctions & Commodities | Coinbase & MetaMask | Bear Watch?
About Coinshift
Coinshift simplifies treasury management by providing efficient multisig tooling to save time & money for crypto teams.
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