Form and Fund the Curve Transition Team

Author: Dr Wagmi (Dr Wagmi#6629) Gotchi ID: 16635 Discourse Thread: https://dao.aavegotchi.com/t/dao-curve-transition-team/4676

We propose the formation of a DAO Curve Transition Team (CTT) to assist the DAO in managing liquidity and treasury on a contingent basis prior to and after turning off the GHST curve should the DAO consent. We have numerous problems to tackle which need thoughtful investigation. The CTT will provide detailed summaries and analysis of our current state and potential paths moving forward regarding liquidity and asset management. These are some of the main questions the CTT will address and provide potential paths and analyses for DAO consideration:

Regarding liquidity: Should current treasury assets be used to provide liquidity prior to the curve being turned off? If so, how much? What wallet will hold these LP tokens? Will that liquidity remain after the curve DAI is distributed? Should the DAO stake those LP tokens for GLTR? Should the DAO keep GHST-USDC as the primary liquidity pool? If supporting any secondary pools, where do we diversify out? What is our goal amount of decentralized liquidity? How does this compare to current liquidity? How fast should we seek to establish our goal amount? What are potential estimations for impermanent loss with different potential trajectories for GHST? Should we turn off GLTR rewards for amGHST and move them elsewhere?

Regarding treasury management: What are our operations for treasury management? What wallet is holding the funds? Is our operational security process adequate? Are we keeping funds in DAI or moving to alternative assets? What other stablecoins would we consider? What other crypto assets would we consider? ETH, BTC, MATIC? On what chain? What DeFi protocols should we consider for treasury management? Which ones should we meet with and what liquidity mining rewards should we aim for? Should we perform GHST buybacks? If so, how? What are the potential impacts and costs of such a strategy at different liquidity targets? What should be done with interest earned? GHST buybacks? Compounding into the asset earning interest?

To answer the above questions with sufficient market research, we propose a 10,000 GHST bounty. We aim to provide the DAO a complete analysis within 3 weeks with multiple potential paths for consideration. Efficient treasury management will provide yield to keep our operations sustainable while also directing liquidity to ensure decentralized access to our core product.