Summary

JBX has ~$20M of ETH on its balance sheet that is not productive. Evaluate various options to manage this treasury and initial thoughts on portfolio construction

Motivation

Utilizing the treasury will allow us to:

• Cover costs and grow asset base
• Supports and grows our ecosystem by investing in promising projects
• Strategic partnerships and investments in DAO tooling infrastructure protocols
• Capture the upside in JBX token
• Diversify our asset base
• Demonstrate JBX leadership in DAO treasury management. Can eventually productize for projects on our platform

Key Questions to Answer

1. Active vs. passive management of treasury. In-house vs. outsourced
2. Allocation of balance sheet between 1) stablecoins; 2) ETH; 3) JBX; 4) ecosystem investments; 5) other
3. Determine appropriate strategy to generate yield from ETH, USDC and other assets

Investment Objective

The investment portfolio objectives are:

• Achieving a total rate of return to support (and ideally be in excess of) operational expenses