Objective:
Creating liquidity for the CRYO governance token to enable members to join our community and proposing an overarching treasury strategy for the sustainable funding of cryopreservation.
The proposed treasury strategy aims to sustainably grow CryoDAOs assets while ensuring adequate funding for core operations and research projects in the cryopreservation field.
Governance Structure:
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Setup of Liquidity Pools:
Investment:
15% of our ETH ($400k in ETH=
~2-2.5x that amount in CRYO tokens.
Current Treasury Overview: cryodao.eth: https://zapper.xyz/account/0xcfab782fc6dee9f381f29586ad25bbe6d8f84c7a
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Strategic Allocation
ETH vs Stablecoins Allocation (12-month timeline):
Gradually rebalance our Ethereum holdings towards DAI and other stablecoins to support upcoming cryopreservation project funding. We’d propose to swap ETH to DAI once governance proposals for research projects have passed if there isn’t enough DAI to fund it, as well as gradually over the next 3 years while keeping quarterly increments (eg. sell 1/12 of our ETH each quarter).
We’d propose to split our ETH in four parts in the meantime, keeping 30% normal unstaked ETH, 30% in stakedETH (earning ~4% apy) and 30% Eigenlayer Swell Staked ETH (+4-10%+ APY)
Dedicating 10% of our ETH to provide Liquidity to CRYO<>ETH
We’d propose to keep the DAI in the treasury
We'd propose to keep 10% (250k) as a backstop always in the treasury to pay in case any unexpected costs come up