Treasury House
Discover more from Coinshift Newsletter
Treasury House
$15M in payouts, $256M assets imported, Gnosis Safe v1.3.0 Support, Olympus DAOs Treasury Asset Proposals, and add G-UNI to Aave AMM market.
🌈 Hey Coinshifters,
With a lot of new things happening in Crypto Treasuries. Coinshift is continuously focusing on creating an impact in the field of Treasury management.
So let’s get to know the Numbers this week along with the product updates and Crypto treasury ecosystem.
Latest MultiSafe Stats
Total Users - 168
Payouts - $ 15M ✅
Total assets - $ 256 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. ✌️
🔥 This week in Coinshift
🙌 Gnosis Safe v1.3.0 Support
Last week, Some of our users were facing issues while doing the mass payouts. The primary reason was users had created the gnosis account on gnosis UI which is currently creating v1.3.0 smart contract wallet and when these accounts are being imported to coinshift, there was no support of doing mass payouts for these contracts.
We are glad to share that we have successfully pushed the release for supporting gnosis safe v1.3.0 smart contracts.
Now, The coinshift UI supports both old and new gnosis safe versions with full backward compatibility.
🔥 What’s new in crypto
👉 Add G-UNI to Aave AMM market
Gelato has proposed to add its G-UNI token to be added in Aave AMM Market such that the fungible tokens can act as collateral in lending and borrowing markets.
So what is G-UNI?
An ERC-20 wrapper around Uniswap V3 LP NFTs and can be used to make liquidity provisions on Uniswap v3 fungible and an automated process of reinvesting the fees and a 1% cut of the accrued fees for building, operating, and further improving the G-UNI system.
It is one of the most innovative tokens of the Gelato development team is G-UNI. G-UNI contracts have been audited by external companies and the Maker DAO core development team.
They have 3 different pool tokens -
G-UNI DAI / USDC,
G-UNI DAI / USDT
G-UNI USDC / USDT
Like - DAI / USDC token is just a wrapper around regular DAI and USDC tokens which can be exchanged on multiple decentralized and centralized trading platforms. On top of that, G-UNI tokens can be burned at any time to redeem the underlying DAI / USDC based on the current ratio of the pool.
With 3 different functionalities -
Simplicity - Users need not actively manage their position as it works on one size fits all rule, making the market accessible to all.
Fee Compoundability - Reinvest the earned fees automatically resulting in an automatic compounding effect.
Fungibility - Tokens can be used as Muney legos. Making the underlying hyper-efficient.
Click here to read the proposal.
👉 Olympus Pro Treasury Index
Recently launched Olympus Pro is a Bond marketplace for protocol-owned liquidity that allows Olympus DAO partners to accumulate their own liquidity similar to Olympus DAO’s own bonding mechanisms for DAI, FRAX, ETH, and LUSD.
As bonds are new in Defi, the Treasury Index will calculate two main parameters -
Current TBV (total bond volume) at 75%
Current MCAP set to 25%
The Initial price of the OT token is proposed $33.33 because of the desirous nature of the community.
What are the current challenges -
Indexing of MCAP prices for those assets that do not have liquidity on Uniswap V2.of MCAP
For current indexed infrastructure, pools can support 10 assets with weight bound to them and are fixed in size once deployed.
Click here to read the proposal.
👉 Olympus DAO’s Treasury Asset Proposal (TAP)
💎 TAP 1 - Highlights the recent increase in allocations to Aave ($10.5m now) and Convex (targeting 4.5m)
💎 TAP-2 - Highlights an increase in allocation to the Sushi Onsen (for 25% of SLP holdings)
💎 TAP-3 - (voting active) undertake a pilot allocation to Gro Protocol’s risk tranched PWRD vault
💎 TAP 4 - Whitelist Compound Finance
Olympus DAO is looking forward to utilizing its idle treasury assets to earn yield by investing in Whitelisted protocols. Right now the three whitelisted protocols are - Aave, Convex, and Sushiswap(Onsen).
Using a risk analysis framework, Olympus has found that adding Compound to its Whitelist can be beneficial.
The framework for risk analysis -
Click here to read the proposal.
💎 TAP 5 - Allocation of $300K FRAX to Orion Saver
The Olympus DAO has proposed to allocate $300K FRAX to Orion Saver to earn yield denominated in FRAX at a fixed rate of 13.50%. It is a low-risk saving product which is offering safer access to DeFi yields, tokenized as a stablecoin.
An access to various ERC-20 stablecoins -
wUST,
DAI,
USDT,
USDC,
BUSD
FRAX
With TVL is ~$77M. The project has been audited three times and is advised by Delphi Labs. There is no material risk if the treasury assets are allocated on this protocol.
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 Coinshift
Coinshift aims to simplify crypto treasury management for Companies & DAOs - built using Gnosis Safe, IPFS & Filecoin.
Stay connected. Stay Awesome 🤘