Treasury Farming Initialization

SUMMARY This proposal introduces the role of the Treasury Farming Committee, as an independent board of professionals formed to provide suggestions to PieDAO on ways of allocating and utilizing its Treasury.

The Committee holds the following goals: -> Diversify: Maintaining an allocation that lowers the risk of concentrated exposure and ensures operations can continue during bearish market conditions. -> Positive inflow: Ensure returns on treasury farming and protocol exceed the cost of operation and bring value to token holders governing the protocol. -> Aim for perpetuity: Creating the condition to enable the DAO to operate forever.

Committee Members (subject to 3months probation):

1. Federico Nitidi, Strategist
2. @blockEnthusiast, Strategist
3. @jnova, Coordinator
4. Nansen - www.nansen.ai, Data Analytics

Proposed Committee compensation (a+b+c): a) 2k EUR/month b) 100k DOUGH/year (12 months linearly vested, 3months cliff) c) Monthly Performance bonus = paid ONLY when Treasury value (end of month) exceeds the benchmark (initial value increased by a “risk-free” rate). Bonus proportional to the net alpha generated, paid fully liquid in $DOUGH.

INITIAL GOALS

1. Establishing an initial position leaning more neutral vs market volatility
2. Moving the treasury into a farmable state.

The above will require the migration of funds to a newly created Treasury multi-sig (https://gnosis-safe.io/app/#/safes/0x3bCF3Db69897125Aa61496Fc8a8B55A5e3f245d5), from where the initial rebalancing and farming strategies will be implemented. Current multi-sig signers (3 out of 5):

1. Federico Nitidi
2. @jnova
3. @alexintosh
4. @nico
5. @gabo_o

GOING FORWARD -> Committee will be meeting weekly, developing a framework for rating PieDAO's exposure, as well as market conditions which may influence future decisions. -> Committee will be working on further diversification, with likely suggestions of further shifting into stables given the current market condition. -> A PieDAO member acts as a Coordinator and liaison between this Committee and the broader community, discussing potential treasury positions to eventually ensure an exciting level of treasury growth.

Please see full details here https://forum.piedao.org/t/treasury-farming-initialization/892

A YES votes in favour of all points above A NO votes against all points above, bringing back the discussion to the forum.