[Proposal] Tresury Rebalance

Motivation:

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.