Avantgarde Finance to Support Treasury Management for Shutter DAO 0x36
AI summary
This proposal suggests that the Shutter DAO 0x36 deposit $2.3 million in USDC from its treasury into a DeFi Yield Fund vault managed by Avantgarde Finance. This vault would aim to generate an annual yield of 9.5-15% by investing in various stablecoin yield opportunities within decentralized finance (DeFi). The setup is non-custodial, meaning the DAO retains ownership of the funds, and Avantgarde would manage the investments for a 0.5% management fee and a 7.5% performance fee.
If passed, the Shutter DAO's treasury would actively earn yield on a significant portion of its assets, potentially increasing its financial resources. Avantgarde Finance benefits by earning management and performance fees. The DAO takes on the inherent risks associated with DeFi investments, even with a 'conservative' approach.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
(Posting this proposal on behalf of Avantgarde)
Proposal to deposit 2.3m USDC from the Shutter DAO 0x36 treasury into a vault which mirrors the Avantgarde DeFi Yield Fund, currently yielding 9.5-15% APY.
- Straightforward non-custodial deposit with conservative risk.
- No active management required from the Shutter DAO, who still retains ownership over the vault.
- Full transparency into vault activity with real-time analysis.
- Potential for long-term partnership with a leading crypto-native Treasury Manager.
- Allows the Shutter DAO 0x36 and its core contributors to continue to focus on it…