PIP-69 - Velora Treasury Management

Voting is live in snapshot, cast yout vote! :backhand_index_pointing_right: https://snapshot.box/#/s:paraswap-dao.eth/proposal/0x3e31b759abcac64e700b2b8acadcbca6ebbda58cb2d87c06ad59f384fb7023c7

1 Like

September Invoice

In line with the proposal requirements, we are here sharing the invoice for September detailed in the google sheet below, requesting $900 for 12 hours of work in the form of 63,997.155 VLR at a TWAP price of $0.01406 (spot as of 1/10/2025), paid into 0x29f387aDe2a5AE3C93DEFd52f2a5fA535CAb666e.

Activities last month included:

  • Exploring and temp-checking a buyback strategy for Velora
  • Proposal drafting and stakeholder calls to bring clarity and structure to the Velora DAO treasury reporting.
  • Proposal drafting and stakeholder calls for VLR liquidity deployment.
  • Weekly VGC meetings and check-ins with members & Laita.
4 Likes

October Invoice

We are requesting $525 for 7 hours of work, paid into 0x29f387aDe2a5AE3C93DEFd52f2a5fA535CAb666e.

Due to the migration and fact that the VLR has yet to be returned to the treasury, we have not included a VLR amount here, and suggest updating this once the transaction can take place. Likewise, we have not received payment for September for the very same reason. Since then, the VLR price has fallen substantially, so we will update the final token amount in line with the $ figure for September invoice as well once that payment can take place (assuming no objections with this).

Activities last month included:

  • Finalising the Octav reporting proposal and liaising with the Octav team on next steps.

  • Adjusting (following Balancer hack) and wrapping up VLR liquidity deployment proposal.

  • Some VGC-related meetings and check-ins with Laita.

Next focus will be exploring some yield generation strategies among other things.

4 Likes