YIP-113: Yam Treasury Director Creation

TLDR Create a Treasury director position that has the mandates: Increase the overall value of the treasury with approved investment strategy and Yam project/silos. Minimize overall expenses from the treasury. Support value added Yam projects/silos. Increase overall value of the Yam Token and Market Cap. Maintain overall investment risk profile of the treasury.

Paid in 100% YAM vested for 6 months. More details below.

Basic Summary Yam is completely governed by its token holders. The founders of Yam (who no longer are participating on a regular basis) created Yam as an experiment in decentralized governance of a Treasury. Since YamV3 launched, Yam has produced a few notable projects including Yam Synths and DAO House but unfortunately both projects have been shelved primarily due to the lack of resource management. Currently Yam is going through a Re-Organization to address the issue of having someone responsible for completion of work as specified/requested.

YAM Re-Org Silo Creation and May Grant Application 1. What is your name? Pseudonyms are cool too. disguised_face Who is the point person is for the application? @ross, @designer 2. What is your discord/telegram handle? speaking_head Discord: Ross sweet_potato#2221, designer#6682 3. Project Name building_construction What should we call your project? YAM Re-Org and Upgrade - May 2022 Grant In this application, we intend to create the YAM Re-Org Silo (described below in que… Problem While the Yam Re-Org is a necessary step in accountability and transparency of projects, we don’t have a good system/person in place to oversee the treasury. Previously this task was left to the “token holders” but as we have seen it is more likely token holders will sell the token before they participate in governance.

The treasury has been and will be the most important piece of Yam, without it nothing else matters.

Solution All items listed in highest priority to lowest priority.

I propose the Yam Treasury Director position with the following mandates: Increase the overall value of the treasury with approved investment strategy and Yam project/silos. Minimize overall expenses from the treasury. Support value added Yam projects/silos. Increase overall value of the Yam Token and Market Cap. Maintain overall investment risk profile of the treasury. The Treasury Director will be responsible to: Review and approve/deny any requests to the treasury from regular expenses to contributor compensations to new silos or projects needing funding. Maintain treasury investment risk profile by initiating rebalancing when needed. Create guidelines that follow/supports mandates. The Treasury Director will not be responsible to: Change the investment strategy of the treasury. Director can make the request but ultimately it needs to be processed through governance. Identify potential value added projects/silos or investments. Director can make the request but ultimately it needs to be processed through governance. Specifications Term Limit 3 Months term with unlimited renewals via snapshot. New director can be voted in at any time, which would relieve current director.

Estimated Commitment Time Commitment: 20 hours a month expected. Not to exceed 40 hours a month. Hours to be recorded and accounted for in monthly transparency reports.

Compensation: Base rate of $85/h, 100% in 6 month vested $YAM tokens based on the 30 day avg value.