Future Treasury Composition Discussion

Author: VaeVictis

Summary: As we are getting closer to the Gauges, it's important to discuss future token weights. We have 2 major questions to decide on as of right now:

1)We must discuss and establish a future target Treasury composition, enabling us to rebalance our Treasury through bribes markets, OTC deals, or other methods while setting goals for the foreseeable future.

2)We need to decide the future of byproducts/extra rewards. As projects sometimes incentivize additional liquidity with other reward tokens, it's important to discuss what we should do with them on a DAO base. The primary example of that may be GEAR tokens, which we already have a bit in our treasury.

Rationale: 1 The current Treasury composition is the following. 61.8% USDC 14.3% CRV 11.7% BAL 5.2% FXS 3.8% SDT 3% ETH [Due to 80% BAL 20% ETH proportion]

I propose to try to reach the following ratio in the nearest couple of months: 45% Stables/USDC 20% CRV/CVX 15% BAL/AURA 6% FXS 4% SDT 10% Other (ETH + BTC + Partnership assets)

This would potentially lead to: -Getting a bigger exposure towards CRV/BAL through bribes -Some external partnerships / Treasury swaps

2 Regarding other tokens, we propose adopting a default practice of "not-selling and utilizing" until the Treasury's portion is less than 1% of the total. We can then reevaluate and determine the token's necessity in our portfolio. The reasoning behind this lies in our values and that we try not to cannibalize the protocols, in case there is an ability to get a good yield on them.