The aim of this proposal is to rebalance our treasury to achieve a higher monthly revenue form yield and ensure longevity, keeping a similar risk profile.
Current Status
Treasury Assets
Asset
Protocol
Chain
$ Current Price
Amount
$ Value
APR
$ Monthly Yield
ETH
Tokemak
ETH
2,650.00
48.82
129,373.27
4.00%
436.09
Stables (FRAX/USDC)
Uniswap v3
ETH
1.00
238,910.00
238,910.00
8.00%
1610.63
FXS
ETH
18.00
851.00
15,318.00
0.00
TOKE
ETH
23.00
55.00
1,265.00
0.00
Total Monthly Yield
2,046.72
Assets in SHN LPs (excluding SHN)
Asset
Protocol
Chain
$ Current Price
Amount
$ Value
APR
$ Monthly Yield
ETH
Uniswap v2
ETH
2,650.00
17.33
45,924.50
1.40%
54.18
USDC
QuickSwap
Polygon
1.00
28,000.00
28,000.00
2.00%
47.19
MATIC
QuickSwap
Polygon
1.40
18,600.00
26,040.00
2.40%
52.67
Total Monthly Yield
154.04
Proposal
Rebalanced Treasury Assets
Asset
Protocol
Chain
$ Current Price
Amount
$ Value
APR
$ Monthly Yield
ETH/TOKE
Uniswap v3
ETH
2,650.00
48.82
129,373.27
110.00%
11,992.47
DAI
Bancor
ETH
1.00
238,910.00
238,910.00
28.00%
5,637.20
FXS
Convex (cvxFXS)
ETH
18.00
851.00
15,318.00
25.00%
322.71
TOKE
Tokemak
ETH
23.00
55.00
1,265.00
40.00%
42.64
Total Monthly Yield
17,995.02
Significantly higher exposure to TOKE might be justified by the increased yield from 4% to 110% and the fact that there might be good entry based on TOKE price. Assets in SHN LPs would stay as they are.
Just a comment on this: as discussed, Bancor migration was not possible (due to unavailable space for single-sided staking), so we kept stables in FRAX/USDC pair.