ETH/Stables Treasury Management Proposal

Proposed actions: Approve the ETH/Stables Treasury Management Proposal which allocates a portion of the K9 Finance DAO treasury via k9safe.eth to vetted yield generation opportunities.

Use 130 ETH held by treasury to earn passive yield from Ethereum validators through Liquid Staking Derivatives (LSDs), like Lido staked ETH (wstETH).

Use $300k of stablecoins held by treasury earn passive yield through lending on Aave and through MakerDAO’s DAI savings rate.

Additional $100k available for future strategies similar to the above. Monthly reviews of the DeFi market will occur to identify strategies that fit within this treasury management thesis of using liquid staking and stablecoin management options.

The expected return is

ETH: 2.5-3.5% APR Stablecoins: 4-12% APR

This will be monitored by Shima, who is being suggested as the DAO member who will provide ongoing management and reporting on the performance of all treasury investment strategies. Reporting will occur monthly and be reviewed by the Roundtable of Dogs.