Proposal: Treasury Management In AAVE(OP)
Title: Treasury Management In AAVE(OP)
Authors: cooper
Date Created: 2023/12/27
TL;DR
The purpose of this proposal is to place a portion of the treasury’s USDT on OP AAVE to earn interest.
Background
The macro environment is constantly changing, and the current APY of USDT is also fluctuating. With the price of BTC rebounding, market enthusiasm is rising, and the APY rate of USDT is also continuously increasing. Looking at the fluctuation of the USDT rate in OP AAVE, its peak is 57.55%, and the underestimate is 3.94%. Currently, LXDAO’s treasury has 210,000 USDT, and it may be worth considering some low-risk financial management to increase the value of the treasury’s wealth.
Analysis
Earnings Estimation (APY data source: AAVE OP network)：
| Investment | Estimated APY | Daily Earnings | Monthly Earnings | Quarterly Earnings |
|---|---|---|---|---|
| 100,000 | 10.29% | 26.38 | 791.4 | 2374.2 |
| 100,000 | 3.5% | 9.58 | 287.4 | 862.19 |
| 100,000 | 20% | 54.79 | 1643.7 | 4931.1 |
In the past three months, the highest APY was 57.55%, and the lowest APY was 3.49%. Based on the current trend, the APY is expected to be around 10%. If you invest 100,000 U, the quarterly earnings would be around 2,374 U.
** Expenditure Review**：
| Month | LXP | USDT |
|---|---|---|
| 10 | 21566.8 | 33045.2 |
| 9 | 19149 | 31239 |
| 8 | 16027.4 | 39688.6 |
| sum: | 56743.2 | 103972.8 |
Risk Assessment：
The currently known risks are as follows:
- AAVE absconds.
- The liquidity of the AAVE USDT lending pool is exhausted, making it impossible to withdraw coins immediately.
- Mistakes occur during fund operations, such as misoperations, etc.
Feasibility Analysis:
- AAVE is one of the leading projects in the crypto lending market and has been around for a long time, so the possibility of it absconding is very small.
- Historically, situations like liquidity exhaustion don’t last for days, usually ending within a few hours.
- This risk can be mitigated by making multiple transactions, starting with small amounts to confirm and test, thereby eliminating the risk.
Process:
(All operations are performed using multi-signature wallets.)
- Reserve a quarterly salary for future projects, with an estimated investment of 14W U per month.
- Transfer 14W U from the mainnet national bank to the OP national bank.
- Use the OP national bank wallet to borrow USDT from the AAVE USDT pool.
Key Results
-
14W USDT from the ETH main network treasury will be migrated to the OP treasury.
-
OP 14W USDT is pledged in AAVE to earn interest.
中文版
TL; DR
这个提案的目的是将国库的部分USDT放置到OP AAVE上赚取利息。
背景
大环境在不断的变动，USDT的活期APY也在不停的变动。随着BTC的价格回升，市场的热情也在上涨，USDT的APY利率也在不断上升，从OP AAVE的USDT利率波动来看，其峰值为57.55%, 低谷为3.94%。目前LXDAO的国库有21W USDT，可以考虑做一些低风险的理财，为国库的财富进行增值。
分析
产值预估（APY数据来源：AAVE OP网络）:
| 投入 | APY拟定值 | 每日收益 | 月收益 | 季度收益 |
|---|---|---|---|---|
| 100,000 | 10.29% | 26.38 | 791.4 | 2374.2 |
| 100,000 | 3.5% | 9.58 | 287.4 | 862.19 |
| 100,000 | 20% | 54.79 | 1643.7 | 4931.1 |
近3月，最高APY: 57.55%, 最低APY: 3.49%。
按照当前形式预估，APY值参考偏向于10%附近。投入10W U，一季度收益为2374U附近。
支出回顾：
| 月份 | LXP | USDT |
|---|---|---|
| 10 | 21566.8 | 33045.2 |
| 9 | 19149 | 31239 |
| 8 | 16027.4 | 39688.6 |
| 汇总： | 56743.2 | 103972.8 |
风险评估：
目前已知的风险有以下三个：
1.AAVE 跑路。
2.AAVE USDT借贷池流动性枯竭，无法立即提币。
3.资金操作时，产生失误，如误操作等。
可行性分析：
1.AAVE 是币圈借贷的龙头项目之一，也是久经沙场了，可能性非常小。
2.从历史情况来看，这种情况不会持续几天，一般几小时就结束了。
3.这个可以通过分多笔，先小额测试确认的方式排除风险。
执行流程：
(全程都是多签钱包的形式)
1.预留一个季度的工资，后续没有新项目，以每月2.5W U评估。预计投入14W U。
2.将14W U从主网国库转移至OP国库。
3.通过OP国库钱包，前往AAVE USDT借贷池进行质押。
关键结果
1.ETH主网国库的14W USDT迁移至OP国库。
2.OP 14W USDT在AAVE进行质押赚息。
