Vote to allocate $300,000 from Tempo DAO treasury to ReFi

TLDR:

A growing treasury is a healthy treasury. We propose allocating $300,000 to ReFi to increase our treasury through passive income earned from their farming as a service platform. We also believe ReFi is undervalued and we could benefit from significant capital appreciation.

Background:

Having a growing treasury is key to the long-term viability of Tempo DAO. We have identified a huge opportunity to increase our treasury through periodic yield and price appreciation by investing in ReFi. We're considering allocating $300,000 of our treasury to this protocol.

What is ReFi?

ReFi is a platform on the Ethereum blockchain that will allow us to simply earn passive income through DeFi. They use their treasury to farm across multiple chains and return the profits seamlessly back to Tempo DAO through Ethereum or native token reflections.

Why we think this could be huge

1. This would provide our treasury with an effective way to accrue passive income and grow over time. Passive income would be paid out through reflections on every transaction and periodic dividends. ReFi’s aim is to hit a 100% APY.
2. REFI has a limited supply of 1,000,000,000, which negates the risk of inflation.
3. Their lead farmer is very transparent about his farming strategy and posts all his moves publicly. He also has a strong background from working on Wall Street in TradFi for more than 10 years and being a yield farmer for the last 3 years. https://twitter.com/hufhaus9
4. We believe REFI is undervalued and that we are early to joining their platform. Their current assets under management represent less than $4M. We believe they have a lot of room to grow throughout the coming years. This growth can only benefit Tempo DAO as holders of the REFI token.
5. ReFi has strategies in place for bull, bear, and neutral markets.
6. Similar to Tempo DAO, their lead dev is doxxed, which inspires a lot of trust.

If we had invested $300,000 on December 28, our investment would have 10x to $3,000,000 by now. In their previous AMA, their lead farmer stated their current returns are at 2% per day, which compounds to 1,600%+ APY per year.