Operation JonesDAO gOHM Deposits

Commonwealth RIP: https://commonwealth.im/redacted-cartel/discussion/3308-draft-of-partnership-with-jonesdao

Snapshot vote on if the [REDACTED] Cartel should deposit a portion of gOHM treasury reserves with Jones, to generate yield via risk-averse, sufficiently hedged, and actively managed options strategies.

This will allow [REDACTED] Cartel to accumulate more gOHM without excessive exposure to market risk

Summary

• JonesDAO is a strategy, liquidity, and yield protocol for options. The protocol’s option vaults enable 1-click access to institutional-grade options strategies and allow users to mint ‘jAssets’—yield-bearing asset tokens that accrue value through options yield, fully composable across DeFi, for example in borrowing/lending protocols.

• [REDACTED] Cartel is to deposit a portion of gOHM treasury reserves with Jones, to generate yield via risk-averse, sufficiently hedged, and actively managed options strategies.

What will this partnership look like?

• JonesDAO whitelists [REDACTED] Cartel for all current and future Jones Vaults, and provides bespoke treasury management services when necessary to generate risk-averse, safe, and sustainable yield on a portion of treasury assets.

• [REDACTED] Cartel deploys, at their full discretion, gOHM and any other assets, with the JonesDAO for treasury management to generate yield via risk-averse and sufficiently hedged options strategies, with the goal of accumulating more gOHM over time. JonesDAO creates products, such as new Jones Vaults, for xBTRFLY when it is viable to do so, therefore enabling the community to access sophisticated and safe options strategies to generate additional yield on their assets.

What does it mean for [REDACTED] Cartel? The protocol’s treasury will have access to additional layers of yield, increasing the productivity and capital efficiency of treasury assets. In time, xBTRFLY holders will have access to options vaults created just for them.

Find further information about JonesDAO and its strategies and motivation in the Commonwealth RIP.

Snapshot Period The polling process begins Jan 24 9AM ETand will run for 48 hours. If successful, this vote will be implemented at the end of January, when JonesDAO launches its platform.

For: Approve the deposits of [REDACTED] Cartel gOHM into JonesDAO Vaults Against: Do nothing