Treasury: Stake LODE for operational costs

Introduction:

Since its inception, Lodestar Finance has been primarily funded through its presale and the stablecoins in our treasury. However, as the protocol grows and evolves, we've encountered a consistent flow of fixed operational costs. These expenses, if not addressed strategically, could potentially strain our treasury resources. To mitigate this, we propose a sustainable solution that aligns with our revenue generation strategy.

The Challenge:

Our recurring costs, including protocol maintenance, Chainlink price feed upkeep, and automation expenses, have become a regular drain on our treasury. As we aim to ensure the long-term sustainability and efficiency of Lodestar Finance, it’s crucial to establish a more proactive approach to managing these expenses.

The Request:

In response to this challenge, we propose leveraging a portion of our assets more effectively. Specifically, the DAO plans to stake 50,000 LODE tokens from our treasury (address: 0xed093F9720B2507C9B54FC117ecB2618910734dd) for a period of 6 months. This strategy is expected to generate approximately $800 in ETH per month, based on current protocol revenue rates. These funds will be dedicated exclusively to covering our operational costs, including but not limited to Chainlink price feed expenses, automation, and other necessary protocol maintenance.

Proposal:

• Stake 50,000 LODE tokens from the DAO's Treasury locked for a 6-month period.
• Allocate the ETH generated from this staking towards covering the protocol's operational costs.

Vote:

• Yes: Approve the staking of treasury tokens for operational sustainability.
• No: Reject the proposal (we welcome alternative suggestions or concerns in the forum discussion).