GM49.3: Defi-Beats 6 more months of Treasury Management

Author : Defi-Beats

Summary: To extend Defi Beat’s role as Treasurer for the first half of 2023 (January - June 2023)

Stipend: 100$/hr 20 hrs/month 2,000 USD / month

What’s Changing: No proposed changes

Opperations: To assist the DAOs day-to-day operations as it relates to inflows, outflows, and accounting. To work with professionals (Lawyers and Accountants) to ensure we are doing everything by the book.

Treasury Management: The long term goal is to one day have all of gmDAOs monthly expenses be paid for by the conservative yield on our growing treasury. The short term goal is to garner yield without putting the funds in any significant risk (i.e, not to lose any money in any circumstance)

Risks: Investment risks on a small portion of our treasury

Spending treasury on salaries but not seeing any tangible benefits

Day-to-Day Operations:

Monitoring the treasury on a regular basis to spot oddities or opportunities for diversification

Paying contributors and the studio - i.e., wrangling multi sig signers

Updating our accounting software to ensure transactions are tagged appropriately

What Is On The Horizon: Diversifying our treasury by swapping into more stables Assisting with interviewing and selecting our legal team to help the DAO incorporate Managing this team as they work through our specific needs Interviewing and selecting an accounting firm to help us file taxes Providing paperwork to contributors and accounting firms to ensure we are compliant with whatever jurisdiction we end up incorporating in.