sushiHOUSE Treasury Management

In-depth : https://forum.sushiswapclassic.org/t/sushihouse-a-treasury-management-proposal/3106

Summary :

SushiHOUSE is a fully-customizable treasury management solution built by the Yam Finance team. This proposal would allow the Sushi DAO to migrate part of the sushi treasury into a diversified basket of ETH, BTC, stablecoin and other DeFi allocations as a Bear Market Protection Portfolio. sushiHOUSE will have an active portfolio manager to rebalance portfolio according to risk profiles.

For further divestment in addition to funds allocated to sushiHOUSE a purchase into the Defi Pulse Index (DPI) as a purely buy and hold strategy for the Sushi treasury.

sushiHOUSE Costs Yam <> Sushi have been mutually supporting each other since their beginnings and we would be happy to support in building sushiHOUSE. We ask in return a 3%+ investment into $YAM token to be hodl’ed inside the sushiHOUSE. Yam Treasury and yamHOUSE currently hodl over $1.5 million in $SUSHI tokens.

Addendum - Purchase $2.5-5m DPI Summary Divest the treasury a further $2.5-5m into the Defi Pulse Index (DPI) 1 as a purely buy and hold strategy to diversify the Sushi treasury. This is a separate investment to SushiHOUSE but is being put forward in the same proposal.

Abstract DPI is a basket of the top DeFi tokens built on Set Protocol V2 contracts. The methodology was designed and is managed by the team at DeFi Pulse aka Pulse inc. Tokens in the index are rebalanced based on relative market cap each month, full details of the methodology including what constitutes an inclusion and how projects are assessed can be found here 1.

The index is now managed jointly between Pulse inc and the community at Index Coop where we look to market, integrate and improve productivity of the index. Part of that role is to communicate the benefits of holding the index compared to the individual tokens and look to share the benefits with both individual and organisational level investors.

During the most recent rebalance, Sushiswap as a project passed 6 months since launch and became eligible for inclusion into DPI. The rebalance has now taken place and the Sushi token makes up just over 8% of the Index 1.

By Feddas

Option 1: total budget of 10M 5M for sushiHouse + 5M DPI managed by Krugman

Option 2: 2.5M for sushiHouse 2.5M DPI managed by Krugman

Option 3: Create the sushiHouse (up to 5m)

Option 4: Only purchase DPI (up to 5m)

Option 5: Refusal