[Treasury Management] - Cash Management for November 2025

Intro

This proposal relates to the management of our treasury's stablecoin income over november 2025.

Description

Since our treasury regularly receives stablecoins (for example, from contributions), this vote is related to the way we're going to invest/use these stablecoins.

Currently, our treasury holds the following stablecoins

• 293.05 USDC on Venus ($293.05)
• 226.29 USDC on Aave (226.29)
• 94.09 USDC the RPTR/USDC pool ($94.09)
• 1.27 BUSD ($1.27)

Totalling $614.70

As well as the following RPTR-denominated assets

• 21,952,946.87 RPTR
• 7.14 RPTR in the RPTR-USDC pool

Totalling 21,952,954.01 RPTR worth $2,803.21

In addition to :

• 0.003965364349 WBETH worth $16.88
• 0.0002412962623 Binance-Peg BTC worth $26.78
• 0.01425228341 Stader BNBx worth $17.04

For a grand total of $3,478.61

Consequences

The stablecoins received by the Raptor Treasury over november 2025 will be used/invested following the results of this proposal :

• "Lend them on Venus" => we'll lend them on Venus
• "Lend them on Aave" => we'll lend them on Aave
• "Buy BTC" => we'll hold it as Binance-Peg BTC on BNB Chain
• "Stake ETH" => we'll buy WBETH on BNB Chain
• "Stake BNB" => we'll stake it through Stader
• "Stake SOL" => we'll stake SOL on Solana, then bridge the mSOL to the Treasury through Wormhole
• "Leave them here for now" => we'll leave them uninvested

Please note that this doesn't apply to the interests accruing on our Venus/Aave positions, since it would require scooping up the yield manually, and paying gas fees. Thus, we're going to let these compound over time.

Additionally, we won't claim the fees from the RPTR-USDC liquidity position every time, since it also requires gas fees, which might be counterproductive (e.g. if the gas fees exceed the claimable amount).

Other investment ideas

If you think of something that's not listed here, please drop your ideas in our telegram group (the one that's attached below)