In order to reduce the regulatory liabilities, it was agreed between myself and the team that an advisory role was more appropriate for Wonderland’s treasury, rather than serving in the role of TM. Thus, I am presenting a proposal to serve WL as an advisor to the treasury.
While the titles may be different, my commitment to working just as hard for WL’s treasury and driving value for wMEMO holders remains steadfast.
The idea of the Treasury Advisor is simple - the TA will look after treasury operations and advise on how to deploy the capital, while the treasury committee, as laid out in WIP 15, makes the ultimate decision on whether or not to invest. Ultimately, the TA is expected to develop and suggest investment strategies, protocol partnerships, and generally look after the wellbeing of the treasury. Similar to the TM, the TA is expected to work with a team of treasury operators once they are voted in through governance.
The role of Treasury Advisor will be similar to that of Treasury Manager, with a few key differences:
Not on the multisig
Not an executive decision making role – the Treasury Advisor will make recommendations which the multisig will decide whether or not to execute
The Treasury Advisor will serve an initial term starting from the end of the snapshot vote (if elected) until 31 October 2022. If no proposal to replace the treasury advisor is made by 15 October 2022, the treasury advisor’s term shall be renewed on a rolling basis for 6 months.
As Treasury Advisor, I will suggest strategies similar to my proposal outlined here: [RFC] - WTM - yieldchad
Because the amount of capital officially advised by the TA is thus uncertain, in order to ensure that the TA is fairly compensated, I propose a changing fee structure based on the amount of capital ultimately falling under strategies devised by the TA. Please see below image for full details on compensation.
Per legal advice, the Treasury Advisor proposal will include common legal disclaimer wording on risks associated with Wonderland. This will be presented in the RFC.