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tlBANK SnapshottlBANK Snapshotby0x74fa01a5D0ef8039f1E14F4d4C8f90e8602e07B4🌈links.eth

Dedicate 50% of mainnet non-BANK treasury assets to no-loss yield to cover costs

Voting ended over 1 year agoSucceeded

We currently have ~$375K non-BANK assets in our shared treasury: https://etherscan.io/address/0xf26d1Bb347a59F6C283C53156519cC1B1ABacA51

I propose we invest 50% of it into a no-loss protocol like AAVE to cover our recurring costs for the year (ie Notion, Google, other SaaS). I have calculated some of the recurring costs/revenue here: https://docs.google.com/spreadsheets/d/1Y_-QqCDXGPwo8l1fJZdmmTqzhkZtNZO9vrJv3qimOyI/edit?usp=sharing

The multisig would:

  • swap/invest tokens as required
  • decide which costs will be covered by this yield
  • disburse on a regular basis at their discretion (ie monthly/seasonally)

Off-Chain Vote

Approve
29 tlBANK96.7%
Reject
1 tlBANK3.3%
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Timeline

May 27, 2024Proposal created
May 27, 2024Proposal vote started
Jun 03, 2024Proposal vote ended
Dec 22, 2025Proposal updated