STIP 2: Treasury Diversification

Symmetric Telos Improvement Proposal #2 Treasury Diversification

Purpose:

To diversify both treasury holdings and strategy while limiting DEX specific risk for the Symmetric Treasury.

The current state of the treasury:

The Symmetric treasury currently holds approximately $28,800 in assets unrelated to tSYMM. These assets belong to the community of vtSYMM holders who decide its future and use.

Current makeup of treasury assets:

After our last proposal (STIP-1), treasury assets were arranged to reflect the adopted treasury management strategy (40% TLOS related assets, 40% stables, 15% Bluechips, and 5% other). The current total value of the treasury is roughly $28,800, an increase of over $9,000. This is due to strong volume on the DEX and a strong market the past month. This strong market has also resulted in TLOS related assets now making up 44% of the treasury, Stables making up 36%, Bluechips making up 17.5%, and other making up 2.5%. Per our last proposal, this will be rebalanced at the end of the month. Additionally, the treasury has earned around $3300 this month. These assets are in TLOS related assets (sTLOS and wTLOS), Stables (USDC, USDT, and USDM), and a very small amount of other tokens (MST, BTC, ETH). .

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Proposal:

I propose the Symmetric Treasury provide liquidity on Meridian Swap to diversify our holdings and mitigate DEX specific risk, while diversifying protocol earnings as well. The treasury will maintain the current treasury allocation. Specifically, I suggest we: Move the treasury owned MST liquidity (roughly $600) from Symmetric and pool it with an equivalent amount of sTLOS in the sTLOS-MST pool Allocate the balance of this months earnings (roughly $3300) to the wTLOS-USDC pool Rebalance the funds on Symmetric DEX to maintain the 40-40-15-5 treasury balance prescribed in STIP-1

Conclusion:

This is another step towards diversifying a growing Symmetric treasury after our initial strategy has been executed. This proposal accomplishes the dual goals of diversifying the treasury while diversifying our specific liquidity strategies as well,

Submitted by Wdude, September 24, 2024