Treasury House
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Treasury House
$ 1.6 Billion total assets and $36.1 million in payouts, Partner Highlight for AMA - Superfluid & Ricochet, Treasury Proposals & Good reads...
Let’s start with our Growth Numbers 👀
Latest Coinshift Stats
Total Users - 248
Payouts - $ 36.1 M ✅
Total assets - $ 1.6 Billion ✅
We spend a lot of time creating our Treasury management platform & this Newsletter so that we can provide you with the best experience and latest implementation across Coinshift & Crypto Treasuries. In this, our driving force is your feedback.
So, reach out to us on Discord. Every response will be read. ✌️
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We are having Twitter AMA focused on Streaming salaries to full-time contributors
Our first guests are Fran & Michele from Superfluid & Sunny from Ricochet.
Why Superfluid & Ricochet
Superfluid allows crypto organizations to stream salaries to regular contributors, reducing overhead and saving gas fees. Employees can see their salaries grow every second, and choose when to move those funds to their wallets.
Ricochet is a Real-Time Crypto Investing platform (powered by Superfluid) where users can automatically buy + sell crypto in streams.
We’ll be discussing:
General overview of Superfluid, brief technical description.
Why stream salaries to employees or full-time contributors?
How do solutions like Ricochet Exchange compliment Superfluid?
How do you see this space developing over the coming 1-2 years?
❓What should we ask Superfluid & Ricochet about their offerings & Treasury management. Drop your questions here - https://bit.ly/3niW1A3
Set reminder here - https://bit.ly/3lDcf6e
🗓 Friday, 14th January | 18:00 (CET)
📍Twitter Spaces
Proposals
1️⃣ Gnosis Safe Proposal: Karpatkey DAO Treasury Management
Karpatkey DAO offers to provide the GnosisDAO with services to maximize the growth of its new treasury by applying a management system that includes recurrent liquidity mining optimization strategies.
In June 2020, Gnosis Ltd. shifted its treasury management strategies, taking low-risk liquidity mining positions in a controlled environment for most of its ETH and stablecoin holdings.
By May 2021, a team formed by Gnosis Ltd. and Karpatkey DAO current members had been tasked by Gnosis Ltd. to take responsibility for the research, execution, and reporting of the treasury management activities. And they have been Gnosis’ treasury management consultant increasing its treasury size by circa $1.5 M a week (YTD tracked since May 2021
Gnosis DAO wants to find solutions to efficiently manage its assets. Karpatkey DAO will adopt best practices from world-class organisations and create tailored procedures in new areas.
Motivation
The treasury goals include funding the development of GnosisDAO products, new ventures, and boosting GNO’s value proposition.
Karpatkey DAO’s Goals
Design and implement an efficient and robust treasury management system
Identify the best economic opportunities for the treasury tokens without modifying the GnosisDAO portfolio of investments (the GnosisDAO would have to define its portfolio and allocation to new ventures)
Design mechanisms for GNO token economics
Coordinate and negotiate cross-DAO efforts, joint ventures, mergers, and acquisitions
Treasury management would be done in a Transparent way where all the funds will be in possession of the GnosisDAO at all times.
Karpatkey DAO Treasury Management
Read the proposal here
2️⃣ Proposal: OpenDAO to use Olympus Pro to generate eternal revenue for its treasury
This proposal allows OpenDAO to buy LP tokens "at a discount". When the OpenDAO buys the SOS-WETH LP tokens, They will lock them up for a week, then one week later will give LP tokens seller more $SOS tokens.
To put it simply: OpenDAO spends upfront money to gain eternal revenue.
3% of the fee will be paid to OlympusDAO so that Olympus is also vested and have an interest
Budget & Financials
To use the unclaimed tokens to fund this program as this will strengthen treasury and give OpenDAO longevity.
The most important KPI is the total bonded amount, and the revenue generated to the OpenDAO as a result.
Specific details of the Olympus Pro mechanics - https://docs.olympusdao.finance/main/basics/bonding
Read the proposal here
3️⃣ Proposal: Decentraland DAO proposal to participate in Olympus Pro Partner Program
Decentraland DAO proposes to participate in the Olympus Pro program in order to diversify the treasury, accrue liquidity for key liquidity pairs, and create new revenue streams for the DAO.
The primary benefit of the Olympus Pro program is that it can create a new revenue stream for the DAO, by owning MANA-ETH liquidity and starting to capture the trading fees. The 24-hour volume on the MANA-ETH pair was $4 million dollars.
Olympus Pro generalizes the OHM bonding mechanism and allows any project to sell bonds in order to acquire liquidity for their DAO or protocol. This is a major shift in the way liquidity mining generally works because instead of renting liquidity with rewards, projects can buy and own liquidity using bonds.
More information on the Olympus Pro partnership Program: here
Olympus Pro Cohort 2 Launch Partners
Read and vote for the proposal here
4️⃣ Proposal: Developer DAO Governance Token Proposal
Developer DAO is coming up with the governance token - $CODE. The creation of a governance token will help the DAO expand its operations and membership through a diversified community treasury.
Token Distribution for 10,000,000 initial $CODE tokens
50% to the Developer DAO Treasury
25% to current members
10% to founding team and advisors*
10% to early contributors
5% to partners
* subject to vesting
Developer DAO Treasury
The Developer DAO Treasury will receive 50% of $CODE tokens. The treasury will be governed by $CODE holders and exists to further the mission of the DAO to onboard web3 developers.
Tokens held in the DAO treasury will not be used for governance. Distributions from the Treasury will only come from additional proposals that pass the full governance voting process.
Read the proposal here
Good Reads📚
🔥 Karpatkey DAO Treasury Management
🔥 DAO treasuries surged 40X in 2021: DeepDAO
🔥 Balancer DAO’s Treasury Is Rapidly Diversifying Across DeFi
About Coinshift
Coinshift simplifies treasury management by providing efficient multisig tooling to save time & money for crypto teams.
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