I was lucky to give feedback on this product as it was being developed.
I think it could be a useful product for many treasuries, the BadgerDAO treasury certainly included. Per naming suggestions above maybe it gets called the Llama Indexed Treasury, or another play on words but I do think the clarity of the word treasury in the name is a good point.
The allocations to productive assets are in my mind quite important as mentioned above for cash flow reasons. I can even imagine a way in which the Index could be leveraged and assets within the pool rented out for utility purposes, a distant but relative example would be related to metaverse assets.
The questions in my mind are related to others above, how can we leverage and dogwood existing index products to create deeper liquidity and use cases?
It stands to reason that the model could perhaps shift allocations between the already existing index products and direct productive allocations. This may provide an interesting way to shift risk a bit more dynamically.
I look forward to reading further discussion on this!