[WIP #20] - Treasury Advisor - yieldchad

Name: [WIP #20] - Treasury Advisor - yieldchad

Scope: The position of Treasury Advisor and the election of yieldchad to that position. This proposal also further includes risk disclosures.

Objective: Finalize the role of Treasury Advisor, including: expectations, requirements, strategies, compensation, risks, and tenure.

Provide a High Level Overview: Yieldchad was recently elected to Treasury Manager. However, in order to reduce liability for the treasury and for yieldchad himself, it was agreed that yieldchad would withdraw from the TM position, and instead apply for an advisory role.

The Role

The idea of the Treasury Advisor is simple - the TA will look after treasury operations and advise on how to deploy the capital, while the relevant DAO representatives (potentially the Treasury Committee as laid out in WIP 15) makes the ultimate decision on whether or not to invest. Ultimately, the TA is expected to develop and suggest investment strategies, protocol partnerships, and generally look after the wellbeing of the treasury.

The TA will submit monthly reports detailing strategies deployed by the Treasury.

The role of TA will be similar to that of Treasury Manager, with a few key differences:

Not on the multisig Not an executive decision making role – the Treasury Advisor will make recommendations which the multisig will decide whether or not to execute The TA will be expected to:

Submit investment proposals on a regular basis to ensure that the Treasury is deployed and earning returns Monitor existing strategies to ensure safety and performance Work with other protocols to scout partnership and unique investment opportunities with the Treasury Write monthly reports on Treasury activity Always fight for the best interests of wMEMO holders Tenure

The TA will serve an initial term starting from the end of the snapshot vote (if elected) until 31 December 2022. If no proposal to replace or remove the TA is made by 15 December 2022, the Treasury Advisor’s term shall be renewed on a rolling basis thereafter for 6 month periods.

If the TA is deemed unnecessary by the community, the TA will resign before his tenure ends per the results of WIP voting to end his term early.

For further information, please read the full WIP here: https://www.wonderlandforum.xyz/t/wip-20-treasury-advisor-yieldchad/19333