Request for Proposals: DAO Treasury Management

[SEEDGov]

Hi!

Adding some comments to this conversation which we believe it’s more than timely. In that sense, we are supportive of having the election go into this voting cycle given based on some aspects:

1) The opportunity cost of having idle SCR on the treasury
2) The ongoing and upcoming disbursements in place which have been recently summarized and could definitely benefit from financial insights.

In that sense, we want to thank both providers for their presentations and ackowledge their trajectory in the ecosystem. Given the outline of the RFP and the current state of the DAO, we see some similarities in the approaches which naturally needs to be worked out collaboratively and iteratively due to the very nature of the activity.

Nonetheless, we do see AvantGarde having a more compelling pricing structure that better aligns with our compensation expectations.

@Avantgarde

For the covered call strategies proposed as a tool for diversification and earning yield on idle SCR, the MYSO protocol charges a flat 15% performance fee on the earned premiums only. As a close partner of MYSO and in contrast to other providers, we are able to offer these services without any added fee on top.

For the kpk we don’t have clarity on the 0.5% mgmt fee and then the 20% performance top given that MYSO takes 15% as default protocol fee so would appreciate a further breakdown on that flow. Also it seems that the minimum fee is significantly higher.

@kpk

In order to support Scroll’s long-term growth, kpk requests a 0.5% management fee on the invested assets under non-custodial management and a 20% performance fee on the yield generated.

• The management fee is to be paid in USDC in monthly instalments, calculated as allocated treasury funds * 0.005 / 12 (evaluated at 23:59 UTC on the last day of each month)
• The performance fee will be paid in USDC on a monthly basis.

To accommodate for the volatile nature of crypto markets while ensuring a steadfast service level, we introduce a minimum fee of $90k per year.

We’ll wait to see the discussion unfold but as verified delegates we believe this proposal is ready for a vote.