Treasury House

$ 1.2 Billion total assets and $ 65.5 Million in payouts, Treasury Proposals & Good reads...

Growth Numbers 👀

Latest Coinshift Stats

• Total Users - 795

• Payouts - $ 65.5 Million ⬆️

• Total assets - $ 1.2 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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Proposals

1️⃣ Proposal: Olympus DAO to add Strategic Liquidity Pairs to the Treasury

What is Olympus DAO?

Olympus DAO is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets (e.g. DAI, FRAX) in the Olympus treasury, giving it an intrinsic value that it cannot fall below.

Proposal’s Key Highlights

The proposal includes the community approval to add two new assets to its strategic assets with other Token assets i.e

• BTRFLY,

• FDT

List of token assets:

TOKE, CRV, CVX, TRIBE, FXS, RGT, MKR, ETH, LQTY, BTRFLY, FDT

Strategic assets are the assets with the goal of growing and expanding the Olympus ecosystem. These tokens are selected on the basis of their yield potential, governance influence, and partnership opportunities. The governance power of tokens can lead to greater passive revenue. Greater passive revenue can lead to greater runway and backing of OHM.

Having $521 M of Treasury & $243M in risk-free value (RFV), strategic investments are done by purchasing utility assets. Assets will be kept in treasury as long as they help Olympus by providing:

• Additional partnerships opportunities

• Increased influence on liquidity direction

• Governance power in key protocols

• Better yield opportunities for our Reserve assets

• Diversification in the market value of treasury

• Strengthened network effects

Limiting the amount of strategic assets: cost basis of strategic assets is proposed to be less than 33% of the RFV (risk-free value) of Olympus Treasury.

Further, adding new assets to the token list will require review by the Treasury team.

Read the entire proposal here

2️⃣ Proposal: ENS Working Group Budget (Q1 & Q2 2022)

About ENS:

Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. More details here

Key Highlights: Includes 3 different budgets

➡️ Community WG Budget

• Total USD Value (~$155,050) includes

  1. Community WG Operational Budget: 115,000 USDC/DAI, 1 ETH, and 650 ENS.

     Tasks include: Learn Docs, Communications, Onboarding, Discord Support Moderation, Translation, Communidad Para Hispanohablantes, IRL Outreach, WG Discretionary Funds,

  2. Elected Steward Compensation: 27,500 in USDC/DAI.

Read the entire proposal here

➡️ Ecosystem WG Budget

• The budget will be utilized in 3 different components:

  1. Elected steward compensation: $27,500 in USDC/DAI

     

  2. Bounties for the Bug Bounty program: $50,000 in USDC/DAI

     The ENS Bounty Program provides bounties for bugs. Running since 2017 & historically funded by True Names Limited (TNL). With the creation of the DAO, the DAO is now able to manage and fund the bug bounty. The $50,000 will be awarded to developers outside of TNL who find vulnerabilities in the ENS protocol. As well as funding for white hat coding in response to system vulnerabilities.

     Find details for the program here

  3. Ecosystem WG operational budget: $50,000 in USDC/DAI, 6 ETH, and 6,500 $ENS

     Tasks include Hackathons, Integrations, 3rd Party Projects, Bug Bounty, WG Unallocated Funds.

Read the entire proposal here

➡️ Meta-Governance WG Budget

• The budget will be utilized in:

  • Treasury Management ($20k USDC)

    • Management and diversification strategies.

  • Governance process and DAO structures ($20k USDC)

    • Documentation related to governance processes within the DAO

    • Administer experiments related to onboarding, engaging, and valuing contributors within the DAO.

  • DAO Tooling ($10K USDC)

    • Develop dashboards to improve transparency and visibility on DAO and ENS metrics.

    • The MG WG stewards may choose to purchase $ENS with the USDC requested and distribute a mix of USDC and $ENS to contributors as they see fit.

Elected Steward Compensation (2,700 $ENS)

• Elected steward compensation: 100 $ENS for each 3 elected stewards / month x 6 months = 1,800 $ENS.

• Lead coordinator compensation, to be paid to the steward that is the lead coordinator or other WG members who take on lead coordinator responsibilities, at the discretion of the Stewards: 150 $ ENS/month x 6 months = 900 $ENS

Read the entire proposal here

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Good Reads📚

🔥 How DAOs Can Diversify Into Stablecoins by Shreyas from Llama

🔥 High-Level Strategy & Current Opportunities in DeFi by Aggregated Finance

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