PROP-026 - Treasury Management

The purpose of this proposal is for the BOO holders to decide on a more managed approach for the Treasury.

Background

As of 1/OCT/22 Spooky DAO controlled a combined treasury of 3.1M in assets comprised of: Safe: 0x1A11f5DF739bEca4974aCE4d8E5CE5ef5D854889 Deployer: 0x95478c4f7d22d1048f46100001c2c69d2ba57380 Olympus POL: 0xbbe77cf7de708a0a3edd0e61ecdf8964bf564ee1 Spooky POL Contract: 0x317b0cc4969497ec810005b7433e1090060a4aa4 Wallet 2: 0xfec5ae1f18d72b42f7a8d8b2a2049e8c461b574d Magicats Royalties: 0x2B43f12E31C6C03956930f0642cc49BA7Ca5BADE

Baseline

Current Treasury management is focused on LPs that are directly in the path of Spooky, all of those comprising BOO, FTM, USDC. Special mention goes to ETH/BOO since that one came as a need for a Chainlink oracle.

Spooky DAO is not pursuing an aggressive management model both because of risk and because of actual management entailed.

Proposal

Spooky DAO will start pursuing an active treasury investment opportunity delegating such decision making authority to the Team which will present to Spooky DAO a detailed analysis at the end of each quarter. This proposal aims to provide the Team with the authority to initiate the investments needed.

The assets will be managed thru a Safe to ensure an initial risk management. Ideas to be pursued: Lending Staking Bonding Collateral and Borrowing with safety margins

Options

Approve proposal Further discussions needed Reject proposal