yRoboTreasury

[0xkorin]

Scope

As part of the evolution of yBudget, there is a need for a dedicated team for Treasury operations, asset management, and guidelines.

We propose yRoboTreasury, a team that will automate these tasks initially and later maintain and adjust them as needed. The aim is for the team not to use a multi-sig for any of these tasks.

Plan

Build Mode: Bootstrap yRoboTreasury

• Automate the asset selling process for treasury management. Set up an auction system for asset conversion.
  • Plan: Explore a continuous design with fixed lot sizes and a variety of available tokens.
• Create budget request payment scripts. A periodic script to send payments for approved requests.
• Propose treasury holding guidelines. Gather feedback and draft guidelines for asset types to be held. Subject to yBudget approval. These guidelines will inform the automated selling process.
• Propose farming guidelines. Gather feedback and draft guidelines for permissible farming activities with treasury assets. Subject to yBudget approval. These guidelines will inform yFARM's process.

Maintenance Mode: Ongoing Tasks

• Execute occasional one-off trades.
• Run budget request payment scripts periodically.
• Claim/withdraw from split contracts as required.
• Monitor treasury composition to ensure compliance with holding guidelines.
• Propose updates to guideline documents as needed, subject to yBudget approval.

Deadline

29-08-2024

People

• 0xkorin
• schlagonia
• 0xpickles
• banteg (unpaid intern)
• milkyklim (unpaid intern)

Money

Funding will cover compensation for contributors and server infrastructure.

Build Mode

Funds needed during the initial setup. Goal: Complete build mode within one request period.

• Monthly Allocation: 10k DAI
• Total Request: 30k DAI

Maintenance Mode

Funds needed after build mode is complete. Tbd.

Amount (Total)

30000 DAI

Wallet address

TBD

Reporting

Once

[0xPickles]

End of request period report: yRoboTreasury Q32024.pdf