Mutant Cats DAO Treasury Asset Management Memorandum
The DAO will separate its assets into 2 separate Gnosis vaults. One would be used as an “active” wallet for the DAO and the other used to secure long term and high value assets. The new vault would be protected by the existing multisig team. The active wallet would be used for staking, trading, and any other necessary (and safe) contract interactions.
The DAO, to the best of its ability, will manage all assets in a manner that no single asset class will hold more than 30% of the total treasury value. (Example: we will not hold more than 30% of our assets value as NFTs)
The DAO will make available up to and not more than 30% of it total assets for staking opportunities directly on the Ethereum blockchain (Shanghai update). These assets will be staked at the teams discretion with the multisig team acting as an added layer of security. Only staking directly to the Ethereum blockchain would be permitted. The DAO understands and accepts any inherent vulnerabilities associated with staking, as minor as they may be, and the team will do everything within our control to navigate those issues to the best of our ability.