PIP-73: VeloraDAO x Octav Partnership for Clear Treasury Reporting

[Avantgarde]

PIP-73: VeloraDAO x Octav Partnership for Clear Treasury Reporting

Abstract:

This proposal seeks to address the lack of visibility and complex tracking surrounding the Velora DAO treasury by engaging Octav at a cost of $8k per year (which covers 12 multisigs in total, including fee claimers, and 12 monthly reports) to bring a clear dashboard overview and financial reporting to the DAO treasury. We believe this is the most cost-effective way to establish a clear picture of the Velora treasury and provide the DAO with clear, actionable insights to align finances with strategic growth.

Goals & Review:

Effective treasury management requires structured reporting and transparency to ensure informed decision-making, accountability and community engagement. Right now, the Velora treasury lacks a clear overview and consolidated financial reporting, which complicates tracking treasury holdings, positions, and so on, with limited visibility for stakeholders.

Having a full picture view of the treasury is a necessary step for the DAO to ensure alignment with strategic growth and that capital is spent sustainably. Hence, we propose to address the above by engaging Octav, who specializes in on-chain financial data aggregation and cost-effective reporting solutions, which makes it a suitable partner for the DAO.

If approved, expected benefits for Velora DAO Members & Community include:

• Enhanced visibility into treasury activities.

• Structured financial insights for informed decision-making.

• Access to detailed reports to assess treasury performance.

• Simplified tracking of treasury-related decisions.

• Increased accountability and governance transparency.

• Improved trust in DAO governance.

Scope of Work for Velora DAO Integration

Below is an outline of the scope of work required for integrating Velora DAO’s treasury into Octav’s reporting infrastructure. The integration will focus on structured financial reporting, wallet tracking, and transaction reconciliation.

Scope of Services

Included in Scope

• Treasury Holdings Breakdown:

  • Integration of Velora DAO multisigs and fee claimers into the Octav reporting platform.

  • Categorization of assets based on their allocations across different networks and protocols.

• Transaction Reconciliation:

  • Labeling and categorization of treasury transactions for clarity.

  • Standardized data reporting for governance and financial tracking.

• Reporting & Compliance:

  • Monthly reports delivered in PDF and CSV formats.

  • Access to Octav’s dashboard for real-time treasury monitoring.

Excluded from Scope

• Custom integrations for non-standard treasury tracking tools.

• On-demand reporting beyond the agreed-upon monthly schedule.

• Detailed protocol-specific tracking beyond labeled treasury transactions.

Infrastructure & Maintenance

Data Reliability & Redundancy

• Continuous data synchronization with Velora DAO wallets to ensure up-to-date reporting.

• Failover solutions to maintain uninterrupted data availability.

Ongoing Maintenance & Support

• Monthly collaboration with Velora DAO to incorporate feedback and improve reports.

• Infrastructure scaling based on DAO’s financial activities and reporting needs.

Implementation Overview:

Octav offers a comprehensive approach to solving Velora DAO’s transparency challenges by providing structured treasury reconciliation and financial reporting services.

1. Monthly Treasury Transparency Reports

Octav will deliver 12 monthly treasury reconciliation reports for Velora DAO, offering a comprehensive breakdown of:

• Key Metrics Report – Total funds, wallet positions, protocol positions, total funds by category, and total funds by network.

• Wallet Positions Report – Detailed analysis of tokens held in treasury wallets, including balance, value, percentage allocation, and network distribution.

• Protocol Positions Report – Breakdown of protocol deposits, including staked amount, yield, protocol, balance, and value.

• PDF and CSV Reports – Treasury data will be available in both PDF and CSV formats, ensuring compatibility with other treasury tracking software and compliance tools.

2. Treasury Dashboard & Transaction History

Octav will provide a live treasury dashboard that allows Velora DAO members to:

• Monitor treasury holdings in real-time.

• Label and reconcile transactions to enhance community transparency.

• Track all DAO treasury transactions with detailed categorization.

Time of Implementation:

Key Milestones:

• Phase 1: Integration of Velora DAO multisig wallets and fee claimers.

• Phase 2: Generation of the first monthly treasury report.

• Phase 3: Continuous optimization based on feedback from Avantgarde and the DAO.

• Phase 4: Annual review and renewal discussions.

Estimated Completion Timeline:

• The first report is scheduled for November 1, 2025.

• The service duration is 1 year, with an option for renewal.

Budget:

• Annual Treasury Reporting Subscription: $8 USD (1-year subscription, covering 12 multisigs in total, including fee claimers, and 12 monthly reports), to be paid in USDC to an address specified by the Octav team upon approval.

• Note that the basic Octav subscription starts at $5000/year including 5 wallets tracked, while additional wallets cost $500 per year unless a new bundle subscription is renegotiated. This proposal includes an additional 7 wallets on top of the basic subscription for the price of 6, and thus a $500 discount.

Risk Assessment:

Pros

• Better Financial Overview & Transparency: Provides the community and stakeholders with a clear, real-time dashboard and monthly reports on treasury holdings and activities, increasing accountability and trust in DAO governance.

• Informed Decision-Making: Delivers structured financial insights, enabling the DAO to make more strategic, data-driven decisions about capital allocation and sustainable growth.

• Efficiency and Clarity: Simplifies the complexity of tracking treasury assets across multiple wallets and networks, consolidating information into clear real-time data and accessible PDF and CSV formats.

• Cost-Effectiveness: Comparatively speaking, the solution can be considered cost-effective at $8,000/year for 12 multisigs, which includes a negotiated discount compared to standard pricing.

Cons & Potential Risks

• Cost: The $8,000 annual fee is a direct expense from the DAO treasury that could otherwise be used for other initiatives. Additional wallet integrations ($500/wallet) and custom work will likewise come at increased cost.

• Third-Party Dependency: The DAO becomes reliant on Octav for critical financial reporting. Any downtime, data inaccuracies, or service discontinuation from Octav would directly impact the DAO’s transparency efforts.

• Renewal Risk: The subscription is for one year. Future renewals could come at a higher cost, or contract terms may change.

Next Steps:

1. Forum feedback

2. Snapshot vote

3. Octav to finalize the treasury tracking setup for Velora DAO.

4. Initiate first treasury report generation on November 1, 2025.

We invite Velora DAO members to share their thoughts.

[Sov]

Thanks for surfacing this!

The relative cost for this seems small compared to value provided.

I am curious around lock in risk mentioned in the cons. In the event that we do decide to go another direction what would be the handoff of information that would be provided (if any)?

[PGov]

We are leaning in support of this proposal. The lack of consolidated visibility around Velora’s treasury is a real pain point, and the proposed $8K/year for 12 multisigs + 12 monthly reports is a reasonable investment and price for transparency and accountability. The benefits outlined — real-time dashboards, reconciled transaction histories, PDF/CSV reporting — will let community members and decision-makers to better assess where funds are held, deployed, and what capital moves make sense.

Some things to consider can be: if Octav ceases service or we want to switch providers, there should be a clean transfer of all data, dashboards, and historic records. If Octav’s price jumps or service quality drops, we could always monitor renewals carefully and benchmark alternative services in year two. As long as those guardrails are in place, this partnership strikes the right balance between cost and value, and we believe approving it will strengthen VeloraDAO’s financial integrity.

[Mehdi]

I am already a subscribed member of Octav and I like their UI and the simplicity in providing the required data, although I’ve noticed that some features are only available to paid users. I also see that some reputable DAOs, such as Gearbox and Alchemix, are using their services.

I do have a small concern regarding the $8K per year fee. Since there are 12 wallets in total to track and it’s a customized service, it does make sense, but it would be appreciated if you or their team could provide an example report from other DAOs so we can have a better perspective on their professional services.

By the way, I noticed a points page on their website for paid customers. If at some point they decide to launch a token, this could potentially subsidize our paid plans in the future.

[Benibauer3]

We strongly support this proposal, it’s a valuable step toward improving VeloraDAO’s transparency and strengthening its operational foundation.

Clear, consistent treasury reporting is key for any DAO that wants to build long-term trust and accountability. The partnership with Octav directly addresses this need by introducing real-time dashboards, monthly financial reports, clear visibility into treasury activity, all of which empower the community to make more informed and confident decisions.

Given the scope of the deliverables and the long-term benefits to Velora, the proposed budget is very reasonable. It’s a modest investment for a significant improvement in our governance and financial clarity.

Overall, this initiative brings important structure and maturity to VeloraDAO’s operations, and we’re happy to see it move forward.

[Tane]

We’re broadly supportive of this proposal, improved treasury visibility is something the DAO clearly needs, and Octav’s structure seems well-suited for that.

As @Mehdi mentioned, it would be valuable to review an anonymized sample report or a demo dashboard before finalizing, just to better understand the actual quality and granularity of the analytics. That would help confirm that the service truly fits VeloraDAO’s operational requirements.

Additionally, since the current proposal excludes custom integrations, it would help to clarify how far the “basic” dashboard setup can go in practice. For instance, if the DAO expands to new chains or protocols, or wants to see different types of data, what kind of additional work and approximate cost should we expect for those future integrations? Ideally, we could compare similar services, but even without that, having a clear sense of potential upgrade costs would help the DAO plan more responsibly over the long term.

[Ignas]

I will support this proposal, it aligns well with Velora DAO’s needs. Improved treasury transparency, more informed decision making, and saving internal time and resources are all strong points.

The proposed cost also reasonable relative to the value provided :).

Just a few clarifications and questions before final approval:

• Could you share a sample report (PDF or CSV) so DAO can better visualize the type of data and insights we would receive?

• What commitments will Octav make regarding dashboard uptime, data latency, and accuracy? In case of service disruption, is there any compensation or protection for Velora DAO?

• Is the $8,000 fee fixed for year two, or does Octav reserve the right to adjust pricing?

Overall, I support this proposal and believe it can provide meaningful value to Velora DAO, pending clarification on the points above.

[jameskbh]

In support of the proposal. It is a net positive for the DAO and the cost seems reasonable.

As other delegates mentioned, it would be interesting to know beforehand:

• The costs on year 2 of the engagement
• How to access the data if there is no continuity

Also, a sample for us that are not familiar with their content.

[SEEDGov]

At SEEDGov, we are currently tracking the DAO wallets and reporting expenses through the VeloraDAO Expense Dashboard (see here the Airtable dashboard) we developed and have updated and maintained since its initial presentation. While this solution contributes to transparency, it has two main limitations: it requires manual data entry, with the inherent risk of errors, and it remains centralized within our team.

We tested an alternative with Dune, which solves the centralization and automation of blockchain data input, but it still has limitations when it comes to lebeling wallets and categorizing transactions by purpose or context.

Therefore, we believe the proposed solution is a step forward in both DAO transparency and in providing the DAO an the Treasury Manager with the necessary tools to achieve a comprehensive, accurate, and reliable understanding of the DAO’s funds and wallet activity, through automated data integration and at a reasonable cost.

However, we have a question:

• Does the Octav app have an open view mode so that the community can monitor the treasury and DAO wallets in real time, or do we need to wait for the monthly reports to access that full information?

[0xAlex]

Transparency for a DAO’s treasury is a key aspect to ensure we’re heading in the right direction. If we look at a financially successful DAO like Aave, it comes with precise tracking of financials. This proposal is heading in the right direction, as suggested by many delegates. I would like more details, especially about:

• How things will look in Y2, Y3, and Y4
• An explanation or visual of the dashboards and PDF files, including the level of detail we can expect

I think if we go this way with a cost of $8k per year, we should have a real-time dashboard plus monthly reports. I guess we’re using blockchain not to go back to old corporate quarterly reports—so any community members can have a viewpoint.

Last point: I wonder if Velora DAO really needs to have 12 multisigs? This might be due to historical technical debt, but in my opinion, it could create some unnecessary complexities for ops, management, and reporting, so would appreciate clarification on this.

Thanks, Octav and @Avantgarde, for putting this proposal together

[attrius]

@Sov - Lock-in risk handoff:
If the DAO decides to go in another direction after the first year, they will have access to all reports created in PDF and CSV formats that can be exported and stored. The DAO will also have access to transaction edits that can be downloaded via CSV.

@PGov - Service continuity and pricing:
Octav is well-funded and has a runway for multiple years. As explained above, all data can be delivered to the DAO in CSV format. As for pricing, we are happy to lock in $8,000 as the rate for the second year. We do not plan to modify the price of the pro license. We will be adding more tooling that will be available to all pro license users in the coming months.

@Mehdi - Example reports and value:
Here is an example of a report we provided to other clients. You can also take a look at Parallel Protocol’s monthly update: https://x.com/ParallelMoney/status/1973675307715694806

(This is specifically a balance breakdown report. Transaction & asset variation reports will be sculpted to the DAOs specific needs and will look similar to the airtable to start. Additionally our reports will be going through a UI update shortly that improves the overall look and feel but with similar data. Over time we will be updating these for more flexibility and information.)

We can also work with the DAO to provide custom reports at an additional cost. We are currently working with some other DAOs to provide them with custom whitelabel dashboards that they can sculpt as desired.

@Tane - Future integrations and costs:
Integrations are normally rolled out as needed. We work closely with our clients to ensure we cover all their needs. Unless the chain is non-EVM, costs are included. As for different types of data, as mentioned above, we can work to create a custom whitelabel dashboard if needed. Cost depends on the needs and scope of the project.

@Ignas - Sample reports, uptime, and pricing:

• Sample reports: See above
• Our uptime has been 99.9% so far. Since we use onchain data, we are confident in the infrastructure. In case of service disruption, we will work to ensure it is minimal.
• We can lock the price at $8,000 for the second year as a commercial gesture. We do not plan to increase our pro license pricing at the moment. Wen are adding more ways to access different datasets, and they will be included in the pro license.

@jameskbh - Year 2 costs and data access:
As mentioned above, we can lock the second year at $8,000, and the data will be available via CSV download.

@SEEDGov - Public dashboard access:
We will launch a custom URL for Velora, for example: pro.octav.fi/beefy/treasury/ The team will have the ability to set this URL as public, and users can view the treasury dashboard at any time to see live holdings. Velora can also create multiple bundle breakdowns and custom URLs for any wallets that have paid pro status. They will additionally be able to allow holders to see reports for every day/week/month depending on the occurrence set by the DAO. In short, the team can export and share these reports monthly or allow for a fully public live dashboard with daily-monthly reporting as desired.

@0xAlex - Public dashboard and report examples, wallets included, and future long term outlook:

• We have big changes coming soon that will allow more functionality as time goes on for Velora to create custom dashboards with more metrics and tracking. (this will be included within their plan)
• See above for report and dashboard examples.
• A real time dashboard is included and the custom URL can be set by the DAO
• The 12 multisigs were chosen so all fee claimers and main treasury wallets could be tracked for accurate reporting and accounting needs. I will leave further details on the wallets chosen to @Avantgarde to explain their methodology.

[citizen42]

Thank you @Avantgarde for putting this forward, it’s a strong and well-structured initiative that finally addresses a long-standing gap in our DAO’s financial visibility. A clear treasury view is the foundation for sustainable, data-driven governance and this partnership would bring both structure and accountability to how we track and communicate treasury health.

Also, big thanks to @attrius for taking the time to reply in detail. Your responses around pricing continuity, exportable data ownership and public dashboard access clearly address all the concerns raised by delegates so far and true that having predictable costs, year-two price lock, and CSV/PDF report access even post-contract termination adds the reliability a DAO like ours needs.

To ensure full transparency for the record, I’d only suggest one small administrative follow-up, if Octav could formally confirm the $8,000 renewal rate in writing (either here in the thread or via a brief signed note shared with the DAO), that would lock in clarity for future governance cycles and remove any ambiguity during renewal discussions.

Beyond that, I am fully in support, going with the all-wallet subscription so every treasury, multisig, and fee claimer wallet is tracked from the start. I say this because it prevents data gaps later and ensures no questions arise about “what’s in-house.”

Overall, this proposal is high-impact for users and potential investors and exactly the kind of operational layer that helps our DAO mature further with confidence and transparency.

Bring it to snapshot frens!

[Curia]

We’ve carefully reviewed the discussion and believe this proposal provides a solid, cost-efficient solution to one of VeloraDAO’s recurring challenges, the lack of structured visibility and standardized reporting around its treasury. Engaging Octav at this stage makes sense both operationally and strategically, as it lays the foundation for more data-informed governance.

That said, we see an opportunity to frame this initiative not just as a reporting tool, but as the beginning of a governance infrastructure layer. Once Octav’s system is live, these reports could feed directly into performance and accountability mechanisms, such as quarterly treasury reviews, budget forecasting, or even future Treasury Manager evaluations. This would extend the value of the proposal far beyond its first year and align it closely with VeloraDAO’s long-term governance objectives.

A few small refinements could make the proposal even stronger:

• Clarify renewal and pricing terms: confirm that the $8K annual rate will remain fixed for Year 2 or that renewal will require a DAO-level confirmation.

• Data ownership: explicitly state that VeloraDAO retains full access and export rights to all reports post-contract, ensuring continuity and reducing lock-in risk.

Overall, this proposal is well-aligned with VeloraDAO’s governance maturity path, it introduces a measurable, scalable foundation for financial accountability. We support this initiative and see it as a meaningful step toward making VeloraDAO’s treasury management both transparent and decision-driven.

[attrius]

@Curia @citizen42

Renewal Terms: We are happy to formally confirm that we will lock in the same rate for year 2. $8k/year for 12 wallets for 2 years. If wallet counts increases then price will increase accordingly but at the same rate, no increase on cost per wallet. Whether or not this is pre-agreed spend for 2 years or will need to come to DAO vote every term is up to the DAO. We can write the prop as a 2 year pre-agreement of spend with the option to cancel the contract if desired by the DAO at renewal.

Data Ownership: The data is fully owned by the DAO. They can export reports at any time while the subscription is active and store these within GitHub for public access. Once the subscription lapses the ability to export is frozen through our front end but all data is retained and stored on the back end. If needed any team members can reach out to us and we will export and send them the desired reports as they retain full ownership and rights to the data.

[SEEDGov]

@attrius

@SEEDGov - Public dashboard access:
We will launch a custom URL for Velora, for example: pro.octav.fi/beefy/treasury/

One last question for @attrius. Looking at the example provided, is it possible to label wallets? For example, to know how much VLR has been transferred to “x” delegate during the contributor program? Or how much ETH has been paid to “x” service provider in different epochs? In other words, I understand that the wallet address will be individualized, but I wonder if it is possible to label it for easier reading and tracking.

[todayindefi]

We think this is a fair and well-structured proposal — the $8K budget feels justified given the scope of work, and the service is exactly what Velora needs right now to better track token flows and treasury growth.

A couple of follow-ups from our side:

• Would it be possible for Octav to share a few sample reports or dashboards (from other DAOs or anonymized examples)? It would help delegates better understand the reporting format and provide more targeted feedback, which might also inform whether any adjustments to the scope or budget are needed. (It seems that the sample below is not accessible)

@attrius

Example reports and value:
Here is an example of a report we provided to other clients. You can also take a look at Parallel Protocol’s monthly update: https://x.com/ParallelMoney/status/1973675307715694806

• The proposal mainly focuses on static position and reconciliation reports. Would Octav be able to include something similar to the Arbitrum token flow report, showing inflows and outflows between wallets or protocols over time? That kind of dynamic view would make the insights even more actionable.

Overall, we support the direction — this is a much-needed transparency initiative for VeloraDAO, and we appreciate Avantgarde’s efforts in moving it forward.

[jameskbh]

Thanks for the extra info and the reply.

Happy to support the proposal when the vote opens.

[citizen42]

Thanks @attrius for all explanations and confirmations!

Easy one to decide as of me.

LFVote!

[attrius]

Hey @SEEDGov ,

The answer is yes, we do have this functionality. You can see in the images below that you can label addresses through the address book or can click the drop down within the transaction reconciliation tab and add/edit a addresses nickname.

I have already made sure to transfer over all wallets and names from the airtable to minimize the amount of buildout required for onboarding.

[Avantgarde]

Thank you all for your questions and to the Octav team for the diligent answers.

Given that the 7-day debate period for this proposal has more than concluded, we will in accordance with the PIP Lifecycle end the debate stage and initiating the 2-day frozen period. After this period we will submit the proposal to snapshot for voting.