Request for Proposals: DAO Treasury Management

Ecosystem Growth
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39

Hey all - some delegates have reached out to us seeking clarification on a few points related to our fees and partnerships, so to avoid any confusion we wanted to address these publicly on the forum as well. Thanks @connormcmk for raising this above as well!

  1. Our 0.5% management fee only applies to deployed stables/other non-SCR growth assets, not the entire treasury from the outset, nor on assets deployed into parts 1 (SCR Diversification) and 3 (Earning Yield on idle SCR).

  2. The 15% performance fee is the default fee charged by MYSO at the protocol level, and as such ONLY applies to the SCR Diversification and Earning Yield on idle SCR parts of our proposal. We will not be charging any mandate-specific performance fees. As stablecoins and other growth assets are acquired and deployed, this will grow to become a major difference in fees paid out.

  3. Since we are a long-standing vault curator already, we’ll be able to utilise both our existing vaults and/or create new ones specifically for the Scroll DAO. This means that instead of depositing DAO funds into strategies managed by another external manager/curator, we will have much greater control over the risk management for the assets that get deployed.

    Related to point 2, this means we avoid a situation where performance fees are charged both at the service provider level and then again at a protocol level.

  4. We will have the full backing of Regen Financial on the reporting and accounting side, which will provide tailored and actionable insights for the DAO to base strategic decisions on rather than mere performance updates. Again, we’d encourage delegates to check out the cited example Regen report for Arbitrum.

  5. We are the sole proposal to have the full backing of the MYSO team as a close partner of ours (given that MYSO is part of Enzyme’s offerings), with extensive documented experience of working with the protocol and structured products. We have been collaborating closely with MYSO since their launch and helped put the protocol on the map where major DAOs and treasuries are now consistently leveraging the protocol for reliable revenue.

  6. We are happy to explore broader pools of liquidity beyond DeFi (such as CEXs) which we have access to through smart contracts we utilize in our fund platform that can save the DAO the associated costs and administrative overhead of setting up an off-shore legal structure.

  7. As an institutional-grade asset manager with decades of experience from tier-1 financial institutions such as Goldman, BlackRock, Valour and Genesis, our approach is informed by institutional rigour and risk-management expertise, not seeking “higher, but riskier, yields”. This combined with hands-on knowledge of DeFi protocols and trust-minimized, on-chain asset management infrastructure as long-term builders in the space are the drivers behind our spotless security track-record over the soon 10 years that we have been active in DeFi.

Should there be any other questions, don’t hesitate to ask - thank you!