Treasury House
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Treasury House
$7.9M in payouts, $161M assets imported, Change threshold is live, Export description in transactions, YAM proposal to rebalance its treasury to manage risk etc..
🌈 Hey MultiSafers,
The lens of culture sparked a lot of interesting tangents.
And here at MultiSafe, we have a very clear, simple mission with a strong set of values. That is to simplify the Crypto Treasury Management.
Check NewsFlash! We’ve got something exciting for you.
Latest MultiSafe Stats
Total Users - 117
Payouts - $7.9M ✅
Total assets - $161 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. ✌️
💎 NEWSFLASH!
We’re excited to share with y’all that this month Charged Particles paid salaries via MultiSafe. 🤘🤘
For any feedback - Join our Discord Channel
🔥 This week in MultiSafe
🙌 Change threshold is live
Users can now easily change the threshold of the gnosis safe account without changing owners.
🙌 Export description in transactions
Users can now easily export the transaction notes/description on the transaction history page. This will help the users in doing the accounting.
🙌 Upcoming
Paraswap Integration
🔥 What’s new in crypto Treasury
👉 YAM proposal to rebalance its treasury to manage risk
YAM treasury is all set to rebalance its treasury with the new set of assets. This time they are going to remove SUSHI, UMA, and INDEX from their treasury strategy.
The rebalancing includes -
~$400,000 USD worth of ETH into uPUNKS.
~$1,000,000 USD worth of ETH into uGAS.
~$1,000,000 USDC into uSTONKS.
~$400,000 worth of ETH, and $400,000 worth of DPI into the Uniswap v2 pool.
~$80,0000 worth of ETH and $255,000 in USDC to our new fuse pools
~$467,000 worth of DPI, ~560,000 USDC, and ~$840,000 ETH (some existing WBTC will be included in this number) to YDS.
~$10,000 worth of ETH and $100,000 USDC to the Multi-sig.
The rest of the ETH and DPI will live in the general treasury (or other governance-controlled wallets at the discretion of @flygoing.eth).
Other assets (Index, UMA, xSushi, GTC, MUST) will stay where they are.
Stablecoins held in the general treasury wallet will be converted to yDAI
The most interesting in all this is the YAM fuse pool which includes -
Yam: Jewel - For the users who are looking for limited pool risk and higher liquidation incentives
Yam: Vardaman - For the ones who are looking for a wider range of strategies like beta neutral farming/short selling at a higher risk
Specific Parameters are being set by RaRi who works on the risk management side
No additional fees but the split admin fees will be applied on the interest earned.
Read more about the proposal.
👉 FWB Treasury Diversification II
FWB has come up with the proposal to grow its treasury in order to incentivize its existing community members and grow (FT and PT) contributors by diversifying the range of assets to fund.
Strategic partners will be swapping 100,000 FWB for 10,000,000 USDC. And these partners are -
a16z (@cdixon) - 50,000 FWB
Pace Capital (@fakepixels) - 19,000 FWB
Kindred Ventures (@stevejang) - 15,000 FWB
Spark Capital (@bwats) - 15,000 FWB
Li Jin (@ljin18) - 1,000 FWB
Once the proposal is approved the swap will be finalized within two weeks. And the FWB team members will work closely with the partners to ensure that the funds are allocated to suitable members.
Click here to access the proposal
👉 UniSwap to mint Stable UNI ($oneUNI) by 11/30/2021
With $515M $USDC and $181M $USDT are locked within Uniswap V3. UniSwap is sold to mint $oneUNI. $oneUNI is a sixth stable asset which is created on 08/23/2021 with the ICHI Factory, audited by Quantstamp and Solidified.
Recommended to $UNI grant recipients who need USD exposure as it is currently minted with 98% $USDC and 2% $UNI.
Click here to read 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!
About MultiSafe
MultiSafe aims to simplify crypto treasury management for Companies & DAOs - built using Gnosis Safe, IPFS & Filecoin.
Stay connected. Stay Awesome 🤘