Title: Treasury Management Launch
Author: Mr. Goldstein & VJ
Date: 5/2/2022

THIS WAS MIGRATED TO THE PROPOSAL SECTION TO PUT THIS PROPOSAL FOR A VOTE IN FC23. ALL FUTURE UPDATES WILL BE MADE THERE.

Thesis:

By utilizing part of its $16M treasury, the JuiceboxDAO will be able to generate yield and increase the longevity of the DAO as well as fund ecosystem growth

Abstract:

The JuiceboxDAO currently holds $16M of ETH on its balance sheet that is not productive. These funds can be generating yield to further ensure the longevity of the JuiceboxDAO and fund ecosystem growth. We propose launching Juicebox Treasury Management in three phases each divided into a separate proposal as follows:

1. Phase 1 - Establish a Treasury Management Committee, Initial Staking Allocation, Initial Ecosystem Experiment
2. Phase 2 - Develop Robust Juicebox Grant / Ecosystem Program
3. Phase 3 - Create a stablecoin allocation

Through this proposal we ask the community to approve:

• The Treasury Management Committee
• Initial allocation of ETH for stETH which will be allocated within 2 months and pending technical development

Motivation:

Utilizing the treasury will allow us to:

• Ensure the longevity of the JuiceboxDAO through market cycles
• 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
• Diversify our asset base