SIP018 - Treasury allocation proposal - Part I

SIP018 - Treasury allocation proposal - Part I

We are proposing to take smaller steps to allocate treasury. The first step involves the allocation of total $6M treasury assets. All earned profits will be used to buyback SPA.

Summary:

1. Invest $4M treasury DAI in DAI/USDC/USDT/sUSD pool on Convex Finance (or better pools). Expected vAPR ~4%.

2. Allocate $2M to blue chip assets such as BTC/ETH and related products (WBTC, ETH, LP etc. )

3. The allocated assets will be managed by multisig wallets on FTM and ETH mainnet managed by the team. All transactions will be transparent for all.

4. All earned profits will be used to buyback SPA on open market each quarter.

Please note this is only the first step. Once we have full treasury allocated, we would expect much higher and persistent amounts of buyback from treasury.

Let’s get this treasury working.

Spartacus team.

Yay - support the proposal Nay - do not support the proposal