Treasury Maintenance

As we start giving out grants we should think of a way to sustainably maintain or at the very least decrease the pace of treasury depletion so that the club outlasts us.

We should carefully consider both our values as a club (do we want to use centralized services?) and risk-reward (if yields on stables are 0.2% on Aave and 9% on Celsius does it make sense to use it?).

All calculations are based on Treasury balance of 32.2385 ETH and 3600USD/ETH.

1. Lido staking - 4~5% APY 1.29-1.61ETH/YR Pros - Contribute to Eth staking Cons - lower yields than options 2-4 if you take into account gas. Centralized. Alternatively could wait for Rocketpool launch.

2. Deposit Eth into Blockfi/Nexo/Celsius type Cefi - 5% APY 1.61ETH/Yr Pros - higher yield, maintain Eth exposure. Due to promotions could also add 100USD BTC to treasury. Free withdrawals. No gas during withdrawals. Cons - centralized, who would know the celsius pw? Lockup periods.

3. Liquidate a portion for stables then deposit stables on Compound (USDT 8%) or Cefi ~ 4600USD/year - 5100USD/year - gas Pros - Can choose fully decentralized. Cons - would pay gas per withdrawal + deposit. Lose Eth exposure.

4. Borrow DAI on Oasis (MKR) ETH-C with 0.5% Stability fee at 170% Collateral then deposit DAI into Cefi. ~5000-6000USD/Year depending on collateralization rate. Pros - High Yield. Maintain eth exposure. Cons - centralized. Potentially could trigger a liquidation if Eth drops significantly.