Summary:

To establish a team dedicated to the health and growth of our treasury and to establish Defi-Beats as the leaders of this team (Treasurer of gmDAO).

At the end of the day, the treasury belongs to the DAO and any changes will have to come to a vote. Possible future votes may include:

• Setting up a conservative portfolio
• Subsequent changes to this portfolio
• Establishing a cadence for rebalancing
• Investing in other DAOs
• Any other investments the DAO may want to make with its treasury

The Treasurer of gmDAO will need to be more of a communicator and consensus builder than a money savant. At the moment our sizable treasury is laying dormant. Conservative strategies can ensure that our funds grow in between NFT drops. However, our money will continue to lay dormant unless someone takes responsibility for the tasks laid above.

Goals:

The long term goal is to one day have all of gmDAOs monthly expenses be paid for by the conservative yield on our growing treasury. The short term goal is to garner yield without putting the funds in any significant risk (i.e, not to lose any money in any circumstance)

Risks:

Investment risks on a small portion of our treasury

Spending treasury on salaries but not seeing any treasury growth

How have you already contributed to the DAO?

De-fi Beats was an early contributor on the Governance team and helped establish and organize the process we are following at the moment.

How do you want to contribute to the DAO going forward?

The Treasury Working Group will be responsible for:

• Attending weekly meetings with core DAO members