Hey Aaron, sorry I missed the last msg
Yes I agree that the treasury should be diversified and with a part in stables and strong assets like ETH.
Currently the fees generated are quite low (a few K$) however this should increase with the other features.
I think that it would be best to have a native yield even if low, especially if we want to have an interesting Stake DAO liquid locker, maybe we could consider a split like 70% for veAPW holders and 30% accumulated by the treasury ?
Another solution to grow and diversify the treasury could be to apply for Grants
Anyone on board for 2 year lock should remember that the money in the treasury still belongs to you even if we don’t redistribute it immediately. I am all for allocating either all or some of the swap fee to a treasury, We want APWines price to go up, it’s fundamental value also grows with the treasuries value. It’s all about sacrificing dividends for stellar token appreciation.
You’re right, that’s the “mindset” I’d like to get the community in, APW stakers are the treasury owner
All the incentives should be going towards keeping the project healthy and growing, and by keeping a large treasury controlled by the DAO we can have a strong protocol even in crisis times.
The “price” of the token should come from the power the stakers are entitled with
It worked for Aave, imho we should do the same.