New Treasury Management Proposal

Summary:

We propose to transition to a new Treasury Management and Investment Model. This transition is a not only a vital step in ensuring swift and appropriate management of the DAO funds, but it also is necessary for the new protocol to function in a smooth and seamless way.

What? We propose to move away from the standard “vote-to-invest” model currently in place, and to introduce JC, Weezy, and eo as Treasury Managers. In the future, we may onboard additional resources to help us. The Treasury Funds will still be in a multisig wallet, offering the same level of security, yet the Treasury Managers have full authority to enter/exit strategic investment positions. Just like today, the community will still be able to submit investment proposals, that follow the DAO Proposal Process. The Treasury Management will also be responsible for actively managing the monetary policy of our new protocol: Adjusting emissions, managing bonds, as well as working other magic.

	The Treasury will be split into two wallets: Main Treasury (with all DAO assets and investments) and Team Wallet (pre-funded every month for operational costs).

Why? As all of you know, the crypto space – and especially the NFT space – move extremely fast. We have tried to react as efficiently as possible with out current setup, yet having investment proposals go through 12-48 hour voting periods is simply not a reasonable investment strategy. This has become not only a hindrance to us growing the DAO but also severely limiting on how and what we may purchase due to time horizons changing rapidly and us not having the ability to keep up. Our new plan of active treasury management will enable us to take advantage of the funds at our disposal.

Voting The Vote will be held for 48 hours. In the event that quorum is reached (50 votes) we will transition fully to this new model once our new project is released.