How to DeFi: Beginner
Protocol’s tokenStablecoins (DAI, USDC, etc.), a portion of which earn yield. Stablecoin allocation depends on the liquidity needs and treasury budget.Blue chip crypto assets (BTC, ETH)DeFi index (DPI)Early-stage token investments and M&A that improve the protocol's competitive positioning. The discussion between Keep and NuCyphur is an example... See more
Shreyas Hariharan • How to Structure a Protocol's Treasury
Alex Wittenberg added
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Currently, only overcollateralized debt has become commonplace in DeFi. Despite this, the vast majority of DAOs cannot simply go on Compound/Aave/Maker and open a debt position — even if a DAO’s native token can be found on e.g., CREAM or Unit Protocol, the borrow capacity/debt ceiling for the token likely will be insufficient for the DAO’s needs. ... See more
Yuan Han Li • DAO Treasury/Balance Sheet Management
Alex Wittenberg added
Risk management To fund future operations, DAOs must manage their currency exposure. Some DeFi and NFT DAOs have treasuries worth hundreds of millions or billions. In addition to funding development and audits, these assets provide insurance if underlying protocols fail and are used for user acquisition and growth. To achieve these goals, DAOs mana... See more
Tarun Chitra • Building and Running a DAO: Why Governance Matters - a16z crypto
Mo Shafieeha added
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