DAO Treasury and VSP Liquidity Improvements

Summary

Authorize treasury utilization for acquisition and lockup of Convex and creation of protocol owned VSP liquidity on Curve.

Abstract

Incentivization towards VSP liquidity providers was sunset several years ago. Additionally, the Vesper DAO treasury was never situated with Protocol Owned Liquidity to maintain VSP. Without either measure in place, the on-chain liquidity of VSP has suffered.

This proposal seeks to deploy a capital efficient strategy to rebuild VSP liquidity and LP incentives, as well as create a new revenue stream for the Treasury.

Vesper revenue collectors currently control roughly $100,000 worth of assets accumulated as fees on yield accrued. This provides a solid foundation for enacting this policy.

Mainnet Fee Collector: DeBank | The Real User Based Web3 Community Superchain Fee Collector: DeBank | The Real User Based Web3 Community

Specifications

Approve Vesper DAO Treasury to purchase and lock CVX, with an initial target of 25,000 CVX, to satisfy Convex minimum voting requirements. Establish Operations Policy, utilizing familiar operations EOA and/or Operations multisig to manage these activities. Initiate new liquidity pool and gauge on Curve for VSP. VSP may be paired against other Curve Ecosystem assets in a strategic manner, such as FRAX or crvUSD, such that it increases incentivization abilities further. Approve Vesper DAO Treasury to buy-and-LP VSP into this new pool. Coordinate with Curve vault providers (Convex, StakeDAO, Yearn) to enable a yield-optimized vault for this new VSP position.