PIP-69 - Velora Treasury Management

We think setting up a dedicated Treasury Manager is the right step for Velora. Avantgarde is a strong candidate with the right background, and we truly appreciate the contributions they have already made to the DAO. Having someone focused on the treasury will bring structure, consistency, and professional oversight to an area that is becoming increasingly important.

At the same time, we believe the role should not be appointed directly. Even a short open application process could bring in other perspectives, help benchmark costs and strategies, and show the community that we are picking the best option available. Putting all responsibility into a single entity without competition creates concentration risk, similar to holding all assets in one protocol and being more exposed if something goes wrong. Diversifying not just assets but also the management process helps protect the DAO in the long run.

We also think compensation could be better aligned. A flat hourly rate provides stability, but adding a performance-based element tied to outcomes like sustainable yield, diversification, or risk management would create stronger alignment. If the treasury grows healthier and safer under their stewardship, both the DAO and the manager benefit.

Overall, we support this proposal and trust Avantgarde to do a great job. We simply recommend two improvements: open the process, even briefly, and add performance incentives. These changes would make the framework stronger, build community trust, and ensure the treasury is managed with both professionalism and resilience.