There was a good bit of discussion back in March about generating some yield on the DAO treasury funds. Those discussions seem to have fizzled out. Here’s the prior discussions for anyone interested:
The DAO treasury gets a cut of all Curve fees and all baazaar fees, and has grown into several million dollars worth of GHST and Dai. These funds are sitting completely neglected. In my mind, that’s irresponsible stewardship on our part. I propose that we take the first step towards becoming an active DAO by generating yield on our funds.
For the GHST, I propose that we stake in the FRENS single staking contract. This is risk free, and will start generating a significant amount of FRENS. Of course, we don’t have to use them if people are worried about diluting our own FRENS/raffle tickets, but by generating FRENS we’ll have options in the future to do airdrops/giveaways to promote Aavegotchi through the polygon community.
For the Dai, I propose we put the funds into the Curve Aave pool, which generates yield on stablecoin assets. From an IL perspective, this is mostly risk free since it’s just stablecoins, and Curve has established itself as a pretty safe protocol over the last several years.
Finally, I also wanted to open the discussion (although this may be a future project) that we create a Treasury multisig committee similar to the FRENS committee that’s being set up. The DAO shouldn’t have to go to Pixelcraft every time it wants to spend money on something. Giving a bunch of trusted community members multisig control over the DAO treasury is one of the next steps to becoming a fully fledged DAO.