StakeWise DAO treasury management

Ideas
1

The StakeWise Dao multisig currently holds :

  • ~36 rETH2
  • ~50 osETH
  • ~762 ETH staked in Genesis Vault

I propose to use a part of this treasury for StakeWise Boost. That would mean

  1. Migrate rETH2 to osETH
  2. Mint some osETH if the part use for boost is more than actual osETH + migrated osETH
  3. Use osETH for Boost

Risks

There is very few risk associated to StakeWise Boost. The team had a X article about it.

Benefits

The DAO staking revenue will increase. With ~700 ETH that would represents ~70ETH a year at actual APY, and ~200K USD at current Ethereum price.

Note that another income for DAO is the osTokens stakin fees.

Note

Aave might need to increase cap once again before this idea is implemented :rocket:

1 Like
2

Thank you for the write-up! Personally think this makes good sense, except perhaps I wouldn’t aim to Boost the whole of the Treasury. I’d argue boosting up to 30% is okay - it enhances yield, helps with TVL, and leaves a lot of flexibility for using the Treasury for other purposes if necessary. Will circulate this in Discord today to get more opinions!

2 Likes
3

Thanks for the feedback.

Out of curiosity, do you have any ideas about other uses for Treasury ?

1 Like
4

boosting the boost :smiley:

2 Likes
5

Sounds like a great plan. Thanks for the initiative Remche.

Maybe wait until 100% ltv.
I would use Max 50%

3 Likes
6

Made a temp check snapshot :

https://snapshot.box/#/s:stakewise.eth/proposal/0x18135e582f9579ddf752ffca69c57aa0710d97cad463ade05a4b6a1152064241

1 Like
7

to highlight, 100% LTV is already live :slight_smile: