PGP-22 l Onboard Octav for DAO Treasury Tracking

Summary: This proposal aims to leverage Octav's tooling for treasury management, accounting, and transparency reporting.

Rationale: Octav is a web3 financial data tool that helps turn raw transactions into useful analytics. Octav proposes to provide monthly treasury reconciliation and reporting services for Parallel Protocol, offering detailed transparency reports that include key performance indicators (KPIs), wallet positions, and protocol deposits. The service aims to enhance stakeholder awareness and transparency over Parallel Protocol’s treasury and financials.

The proposed reporting service is designed to provide maximum transparency and accountability for the Parallel Protocol treasury. This solution was chosen over others due to Octav’s existing integration with Parallel Protocol wallets and our commitment to delivering comprehensive, user-friendly reports that facilitate community engagement and trust.

Octav will deliver 12 monthly treasury holdings breakdown reports for Parallel Protocol, each analyzing key metrics and fundamental treasury data. Octav will also take a daily snapshot of balances to chart the treasury value over time. The reports will cover:

• Key Metrics Report: Total funds, wallet positions, protocol positions, total funds by category, and total funds by network.
• Wallet Positions Report: Detailed breakdown of all tokens in treasury wallets, including balance, value, percentage, and network.
• Protocol Positions Report: Detailed breakdown of protocol deposits, including staked amount, yield, protocol, balance, and value.
• PDF and CSV: The treasury reports will be shared as both a PDF and CSV and can be imported to other dapps/treasury tracking software to enhance compliance.
• Live Dashboard of Positions and Analytics: Octav will have an analytics dashboard users can view to see balances, positions, and change over time (balance tracking starting at time of prop passing).

Example Report: https://drive.google.com/file/d/1bjWuohmBvr4DbL3wck8dW1KJ94XdSc5q/view?usp=sharing

Onboarding & Management:

• Transaction validation managed by Mimo Labs & Cooper Labs with help of Octav team
• The Parallel Protocol treasury wallets are already integrated with Octav, and the first report is set to be generated on Dec 1, 2024. Octav will collaborate with the Parallel Protocol team monthly to gather feedback and continuously improve the platform’s transparency features.

Pricing:

• The service is priced at $4000 for a 1-year subscription, covering 9 treasury wallets, 12 monthly breakdown reports, and 365 daily balance snapshot reports. Payment will be made in USDC to an address specified by the Octav team following approval.

Addresses Included:

• Parallel l Treasury l Ethereum: 0x25fc7ffa8f9da3582a36633d04804f0004706f9b
• Parallel l Treasury l Polygon PoS: 0x2046c0416a558c40cb112e5ebb0ca764c3c5c32a
• Parallel l Treasury l Fantom: 0x174162ddece9d0b7b68fd945e38c3372c4c818ba
• Parallel l Treasury l Blast: 0x88b8bea325864aefa05891b6ef816f7fb8e3da28
• Parallel l MIMO Inflation l Ethereum: 0x29391a7a809ac7dee6a7f9a014f7eab606faa4e5
• Parallel l MIMO Inflation l Polygon PoS: 0x864e844bef7d81c5e6bbc597ed2696b3e1da9371
• Parallel l MIMO BoughBack l Ethereum: 0x3de64eed7a43c40e33dc837dec1119dca0a677b4
• Parallel l MIMO BoughBack l Polygon PoS: 0x6fb6a0a35b33e230d0149d49858e1a313a2ad4a7
• Parallel l MIMO BoughtBack l Fantom: 0xa67fc89d5312812d3413a83418fc75ff78148a7e

Means:

• Human Resources: Multisigners will need to sign and execute transactions to execute the proposal. Support to validate transactions and keep accurate records for reporting.
• Treasury Resources: $4,000 in USDC on Polygon PoS/Ethereum for 12 month subscription.

Technical implementation:

• On PolygonPoS or Ethereum:
  • The DAO Multisig will transfer $4,000 worth of USDC to Octav - 0x25cdc0e306a6643eb2ad07ad52c4385cd7d2c3ff.

Voting options:

• For the Onboarding of Octav
• Against / Rework the Proposal
• Abstain

Authors: Octav Team