Spring 2022 Treasury Management

We will be diversifying our 31 ETH + 12K USDC treasury this semester with the goal of having a sustainable funding source for Lion DAO. The purpose of our treasury is to support a variety of Lion DAO initiatives from hosting Blockchain@Columbia events to supporting student projects through our micro-grants program.

This proposal suggests staking our ETH with Lido for a 4.7% APY, giving the treasury an equivalent amount in stETH. More complex (and higher yield generating) strategies involving this stETH will be up for discussion, and I encourage DAO members to propose strategies. We’re considering apportioning a small percentage (say up to 5%), for example, for DeFi strategies to allow priced-out members to explore various protocols and ecosystems.

We would then use our USDC to support our grants program, converting or borrowing against our stETH for stablecoins as needed to pay real-world expenses.

Reminder: this vote requires 20% of LION holders to participate and will pass if there is 51% of votes for a particular option.