I have been pondering the goals of the treasury and have come to draft two main principles. I wanted to share these principles with the broader community for feedback, and also to pose a number of questions for which I’m hoping the community can give some direction on how we’re thinking about our holdings and how to use them.
Treasury Principles
- Maintain Strong Purchasing Power:
- Accrue profits (streaming fee for now - expenses)
- Retain Index reserves (to fund future growth)
- Fiscal Responsibility (Diversification, Frugality)
- Optimize for INDEX valuation (in the form of fundamentals growth)
- Use Purchasing Power to Incentivize Scaleable Growth:
- Pay foundational expenses: Coop member rewards, salaries, other overhead
- Provide generous rewards for asymmetric return profiles
- Pour fuel on promising growth programs
Questions:
How are we thinking about full-time, contributors now, how to keep incentivized. What overhead do we have outside of rewards/salaries? Technical? SaaS?
[Answer in comments]
Where do we want payment for contributions to pull from (why?)
- INDEX Reserves
- DPI Balance
- Stablecoin/hedge
0 voters
Do we want to diversify in order to hedge INDEX volatility? If we do, why? And, if so, how much?
- No Hedge
- Diversify 10%
- Diversify 30%
- Diversify 50%
- Diversify >50%
0 voters
Do we want to maintain balance of DPI from streaming fee (why?)
- None // Not Necessary
- 0-10%
- 11-20%
- 21-50%
- Greater than 50%
0 voters
How do we view the INDEX in our Treasury?
- Save at all costs
- moderate savings, moderate spending
- Spare no expense for growth, and use sooner than later
0 voters
Do we want to target retaining a certain amount of INDEX circulating supply? (Why?)
- No Target
- 1-10%
- 11-20%
- 21-50%
- Greater than 50%
0 voters