Octav Onboarding to Track Across DAO Treasury

Proposals Active Proposals
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Summary: Octav proposes to provide monthly treasury reconciliation and reporting services for Across DAO, offering detailed transparency reports that include key performance indicators (KPIs), wallet positions, and protocol deposits. The service aims to enhance stakeholder awareness and transparency over Across DAO’s treasury and financials.

Motivation: This initiative addresses the need for enhanced transparency and accountability within Across DAO. By providing regular, data-centric reports and the ability to view any transaction performed by the treasury, we aim to keep the community informed about the financial health and strategic decisions of the DAO.

Specification & Implementation: Octav will deliver 12 monthly treasury holdings breakdown reports for Across DAO, each analysing key metrics and fundamental treasury data. The reports will cover:

  • Key Metrics Report: Total funds, wallet positions, protocol positions, and total funds by network.
  • Wallet Positions Report: Detailed breakdown of all tokens in treasury wallets, including balance, value, percentage, and network.
  • Protocol Positions Report: Detailed breakdown of protocol deposits, including staked amount, yield, protocol, balance, and value.
  • PDF and CSV: The treasury reports will be shared as both a PDF and CSV and can be imported to other dapps/treasury tracking software to enhance compliance. Example Report: Across DAO example report.pdf - Google Drive

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Across DAO Treasury Dashboard and Transaction History:

Across DAO will label and reconcile transactions done by the treasury.

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Initial Pricing Offer: The service is priced at $1440 for a 1-year subscription, covering 4 treasury wallets and 12 monthly breakdown reports. Payment will be made in USDC to an address specified by the Octav team following approval.

Onboarding: The Across DAO treasury wallets are already integrated with Octav, and the first report is set to be generated on July 31, 2024. Octav will collaborate with the Across DAO team monthly to gather feedback and continuously improve the platform’s transparency features.

Term: The term for these services is 1 year, with a renewal option to be discussed at the end of the period.

Rationale: The proposed reporting service is designed to provide maximum transparency and accountability for the Across DAO treasury. This solution was chosen over others due to Octav’s existing integration with Across DAO wallets and our commitment to delivering comprehensive, user-friendly reports that facilitate community engagement and trust.

Downside (Cons): There are no significant disadvantages anticipated with this proposal. However, there may be minor implementation challenges associated with integrating feedback and ensuring reports meet all stakeholder requirements.

Voting: A “yes” vote will approve the proposal to implement Octav’s treasury reconciliation and reporting services for Across DAO, while a “no” vote will reject it. Once the Snapshot vote is live, the link will be added here.

Link:
Website - https://octav.fi/
Twitter - x.com
App - https://app.octav.fi/
Pro App - https://pro.octav.fi/

Voting:

Should the Across DAO implement Octav’s treasury reconciliation and reporting services?
  • Yes
  • No
  • Abstain
0 voters
3 Likes
2

I’m supportive of this proposal. $1440 a year seems like a small cost to introduce some transparency and reporting to the DAO treasury. It’s low risk and good way to start.

Would it be possible to pay this in ACX given the treasury does not have stables right now.

4 Likes
3

Hey Kevin, we can accept ACX but there is a risk that we have to liquidate the asset in USDC.
If this is ok with the DAOs, I don’t see a problem with this.

1 Like
4

I agree with Kevin! $1440 /year seams a small cost to introduce transparency and reporting to the DAO treasury.

1 Like