At this point there probably have been enough swaps and liquidations to have generated some assets (assuming the protocol fees are not set to zero). As an aside it would be great to have the treasury wallet address easily accessible to track that kinda thing.
What does the current balance sheet look like? how is trending?
Should there be some kind of target allocation and regular rebalancing of these assets?
How do changes to the target allocation and rebalancing frequency get made?
For #2 I’d be in favor of only holding a split of STBL2 and Algo with a skew heavily favored toward STBL2 to be both bullish on STBL but conservative at the same time about the money. I’d love to also see a strategy of building up a large amount of reserves before trying to spend much of it. A world where project spending comes from the interest of lending reserves is a lot more sustainable imo.
Should we publish the treasury wallet address somewhere publicly?
Not that this invalidates your idea, but liquidations are decentralized, not protocol run. I mean this in the sense that you or I could be liquidators and profit off of liquidations, not algofi.
You are totally right the fees come from Pools.. Though it doe seem like there is a “Liquidation Fee” in this chart seperate from the incentive that the person executing it would get. On some other projects they do take the fee as a part of liquidations. I’ll edit the original to reflect the LP fees but curious what’s up with liquidations
V2 lending protocol does have a fee that is collected by the protocol when a liquidation occurs. I would imagine that we could look at the account/wallet that these fees are going into.
I just wonder kind of same thing. why not offer treasury balance view and easily. this adds transparency and trust → helps to attract new users and improves crypto adoption.
thanks for the information. Is there any ability to set swap fees, just curious? Do you mind enumerating all the fee variables that we have control over? I see a Flash Loan fee as well here and not sure what the intent is on that one?
Also where do I see “underlying_reserves” in the block explorer? It isn’t in the global state of the Algo market app but maybe that was the wrong place to look
hi @jaclarke with all the respect. If you have to guide people in Governance forum how to find treasury balances, that itself says it all. Treasury is not transparent enough if at all.
I think in Folks Finance they have good example how it can be done clean, easy and understandable way.
This seems like an interesting proposal in the temp check category. @matthew will the Treasury Page be part of the March roadmap item called Programmatic DAO Execution?
Should some portion of the treasury assets be set aside to be used as a stake on a participation node?
Yes
No
0voters
I’ve been somewhat active recently pushing projects to operate nodes. The Algofi dev team has been a leader on this front, far ahead of most other projects. At this point, I don’t believe a single project is utilizing any portion of their treasury for consensus. The NFD team told me they have plans to do so but not immediately. I believe there is an easy opportunity to once again be a leader in the Algorand ecosystem. Algofi is already operating a public node, the work would be creating a participation key tied to the ALGO balance of the treasury account.
I think the reserve should hold more stables then anything. 80% stables (50% USDC, 30%. USDC is more stable than STBL, and i think it is just better to hold a lesser percentage in an algo stablecoin.) the remaining 20% could be 15% goBTC, 5%. not a tech person, but couldnt we have a smart contract reallocate it automatically to maintain that allocation.
Volatile assets shouldnt be most of the reserve nor should algo STBL’s. After the Luna debacle, new users may be hesitant towards wanting to invest or use Algofi when they know the reserve holds mostly algo stables. (note: I know STBL isnt set up the same way that UST was.)
Also, I would like to see more utility added to BANK. everyone doesnt want to be a governor, need to find a way to lure non-governors to BANK. Maybe the DAO will come up with a plan to do that. I would like to see the DAO become a conglomerate with multiple dapps/L2’s/companies (crypto and non-crypto companies) under its umbrella and find ways to use the BANK token through those.
No, the thesis of Silvio has been that running a node should be easy enough that projects which rely on Algorand should have incentive enough to run nodes to secure the chain they rely on. We are one of those projects that rely on the network, we should run the node simply to ensure continued operations.
I think the reserve should hold more stables then anything. 80% stables (50% USDC, 30%. USDC is more stable than STBL, and i think it is just better to hold a lesser percentage in an algo stablecoin.) the remaining 20% could be 15% goBTC, 5%. not a tech person, but couldnt we have a smart contract reallocate it automatically to maintain that allocation.
Highly disagree primarily because STBL2 is Algofi’s product, if we can’t trust it, then no than no one can. Stablecoin reserves imo should primarily be in STBL2. USDC can also be frozen by Circle, STBL2 is decentralized and can’t be blacklisted centrally.
Also, I would like to see more utility added to BANK. everyone doesnt want to be a governor, need to find a way to lure non-governors to BANK. Maybe the DAO will come up with a plan to do that. I would like to see the DAO become a conglomerate with multiple dapps/L2’s/companies (crypto and non-crypto companies) under its umbrella and find ways to use the BANK token through those.
Also disagree. BANK should exist almost solely for governance (taxes, smart contract params, treasury allocations), with no speculative value. Anything else is likely going to be violating securities law. There is a larger discussion about this here. In that thread, I proposed the treasury be only used for things that are relevant to Algofi’s operations. Imo that is taxes, consensus, and maybe insurance against bad debt. The latter should be the DAOs responsibility since through governance the DAO controls the risk parameters of the platform.
So running a node doesn’t actually make one participate in the Algorand Consensus. To do that, you have to put up a stake (your wallet’s algo balance) and tell the network you are participating. You do this by generating a participation key (a signed message with your wallet’s private key). Nodes can host many participation keys. If a node has one or more participation keys registered, it will participate in consensus using the corresponding stakes as. The ability for a node to host more than one key allows users to delegate their voting power to someone else’s node. Algofi is already running a node such that any ALGO Vault user can participate in consensus by delegating their stake to Algofi.
thanks for the information. Is there any ability to set swap fees, just curious? Do you mind enumerating all the fee variables that we have control over? I see a