JIP-15 Proposal: Treasury Optimization and Delegation to Jarvis LTD

Objective

To enhance capital efficiency, generate sustainable revenues, and optimize the use of idle DAO assets by transferring liquid funds to a managed multisig operated jointly by the DAO and Jarvis LTD.

Background

Currently, a significant portion of the DAO treasury remains idle and underutilized due to the absence of active treasury management.

Despite holding valuable assets—including stablecoins, volatile tokens, and protocol-native assets—the DAO has no ongoing yield strategy in place. As a result, it misses out on:

• Potential yield generation through low-risk DeFi strategies
• Capital deployment opportunities for protocol growth
• Contributions to reducing bad debt (particularly jCHF)
• Furthermore, DAO-wide management of liquid assets has proven inefficient, with slow execution and fragmented oversight.

Proposal Details

1. Transfer of Liquid Funds All liquid assets (excluding veTokens), as well as all the ETH of the JARVIS-ETH LP position on Aerodrome, will be moved to a 1/2 Safe multisig. Signers:

• Jarvis DAO
• Jarvis LTD This will allow Jarvis LTD to actively manage assets while ensuring the DAO retains access to the funds.

2. veSPECTRA specific case Since veSPECTRA provides a bonus for LPs, and that JARVIS LTD will most likely LP in the pool, veSPECTRA should be transferred as well.

3. Asset Rebalancing Strategy Volatile assets currently held by the DAO will be converted into:

• 50% ETH
• 50% BTC
• Stablecoins (USDC and jEUR) will remain unchanged.

4. Yield Distribution The yield earned from deployed assets will be distributed as follows:

• Buyback JARVIS: 50%
• Buyback bad debt (starting with jCHF): 50%
• Jarvis LTD performance fee: 10% of gross yield

Note 1: The JARVIS buyback may occur directly via AMMs or in batches depending on liquidity and slippage constraints.

Note 2: The bad debt buyback will happen at the discretion of Jarvis LTD, when the price of the jFiats are at their lowest.

4. Excluded Assets

• All veTokens (e.g., veAERO, vlAURA, veTHE, vlQUO) but veSPECTRA will remain under the control of the DAO multisig. They will continue to be used for governance, bribes, or strategic voting.

5. Mandate Duration and Reporting

• The treasury management mandate for Jarvis LTD is valid for 12 months.
• Jarvis LTD must publish a public report every month including:
• Portfolio breakdown
• Yield earned
• Actions taken
• Performance fee accrued

Reports must be accessible via the DAO’s governance forum or other designated platforms.

Rationale

This proposal aims to:

• Unlock idle capital to generate yield
• Accelerate bad debt reduction, restoring confidence in jFIATs
• Provide consistent buy pressure on JARVIS
• Establish a professional, responsive treasury structure
• Maintain transparency and DAO oversight via shared control

Jarvis LTD has the operational capability to manage funds efficiently and act within predefined boundaries, while the 1/2 multisig ensures DAO security and ultimate control.

Stakeholders

• Jarvis DAO: Benefits from buybacks, debt reduction, and improved tokenomics
• JARVIS holders: Gain value from buybacks and protocol growth
• jFIAT holders: Gain from improved peg and confidence
• Jarvis LTD: Gains a performance fee for execution and fund management

Metrics to Monitor

• Treasury yield (monthly/quarterly)
• Cumulative JARVIS bought back
• Cumulative bad debt repaid (especially jCHF)
• Assets under management in the treasury multisig
• Performance fee paid to Jarvis LTD
• Monthly transparency reports

Conclusion

Transferring the DAO’s liquid treasury to a jointly managed safe and allowing Jarvis LTD to deploy capital under strict rules is a pragmatic and efficient approach to restoring capital productivity.

This strategy supports JARVIS buybacks, jFIAT peg restoration, and ecosystem health, while maintaining DAO oversight and transparency.