MIP-004: Treasury Management

[green-jeff]

MIP 004:Treasury Management

Summary

This proposal outlines a sustainable plan to diversify the Metronome treasury portfolio and earn yield on a portion of the treasury's holdings. 

Motivation

The Metronome treasury currently holds ETH and MET, as an effort to create a more sustainable treasury, the Metronome DAO can diversify its holdings and deposit some of its holdings into DeFi platforms to passively earn yield. 

Specifications

The majority of the assets will remain in ETH and MET. Up to 20% of the holdings can be one of the whitelisted assets below.

Up to 20% of the non-MET treasury holdings can be deposited into DeFi platforms to earn yield for the treasury.

The whitelist of assets and platforms are as follows:

Platforms

• Vesper Finance
• Curve Finance
• Convex Finance
• Compound
• Aave
• Lido
• Frax

Assets

• WBTC
• stETH
• USDC
• DAI
• FRAX
• FXS
• CRV
• CVX