[DAO Discussion] Appointment of DarkLord_gr as Temporary Treasury Manager for Volta Club

Governance DAO Discussion
1

Scope

This proposal outlines the potential appointment of DarkLord_gr as a temporary Treasury Manager, including the role’s structure, goals for Volta Club, proposed investments, tenure, and compensation.

Objective

To initiate a preliminary discussion and gauge the community’s interest in appointing myself to manage the treasury during the upcoming bull market, with a focus on maximizing yields and ensuring sustainability.

This comes also as an answer to the wind down proposal which i hope people will find as a solution.

High-Level Overview

As a long-time follower of Wonderland and then Volta Club, I am deeply invested in the success of this project. It pains me to see the DAO stagnate, and my goal is to utilize my expertise to manage the treasury effectively. i know i am not the most active DAO member but i have confidence in my skills. By employing complex yield strategies and low-risk approaches, I aim to capitalize on the bull market, significantly increasing yields while preserving the treasury’s value.

Proposal Outline

  1. Background
  2. Why I’m Running
  3. Goals and Plans for Treasury Management
  4. Multisig Signer Role
  5. Investment Strategy Overview
  6. Tenure
  7. Compensation
  8. Conclusion

1. Background

I have been actively involved in cryptocurrency since 2021, with extensive experience in decentralized finance (DeFi). I am an active member of the DeFi Dojo, a community that specializes in complex yield strategies. This involvement has allowed me to grow my portfolio over the years and minimize the risk.

In addition to managing my own portfolio, I have authored advanced yield strategies for private communities, equipping members with tools to navigate DeFi opportunities safely and efficiently.

2. Why I’m Running

The previous bull run and the camaraderie of the Frog Army remain highlights of my crypto journey. However, seeing the DAO’s current state, I feel compelled to act.

By volunteering as Treasury Manager, I aim to leverage my skills to generate positive returns and stabilize the remaining liquid treasury funds. I hope to restore momentum to the DAO and provide a clear path forward.

3. Goals and Plans for Treasury Management

Primary Objectives:

  1. Preserve Treasury Value : Use delta-neutral strategies with low leverage to minimize risk.
  2. Bull Market Exposure : Allocate 30-50% of the treasury to Layer 2 (L2) altcoins (ETH, AVAX, POL, ARB, etc.) to capture gains during the bull market. This wont last long maximum Q3 of 2025 the treasury will be mostly delta neutral (meaning no exposure to any tokens price fluctuations)
  3. Optimize Returns : Target returns of 30-80%, depending on market conditions and strategy volatility.
  4. Transparency and Accountability : Maintain all activities on-chain, ensuring transparency for the community.

Sample Strategies:

  1. Hedged Perpetual Assets : Provide liquidity in perpetual protocols (e.g., GMX, Hyper Liquid) while hedging underlying exposure. Leverage use will vary based on market oracles.
  2. Stablecoin Yield Farming : Deploy funds to stablecoin-based farms (e.g., sUSDe, sUSR, USDS) to secure safe and consistent yields. This may also include opportunities for airdrops. Leverage use will vary based on market oracles.
  3. Interest Rate Arbitrage : Exploit differences in borrow and supply rates across platforms like Aave, Compound, and Silo.
  4. Risk Mitigation : Avoid automated vaults from third-party services to minimize smart contract risks and avoid black box type projects.

4. Multisig Signer Role

I am open to any level of oversight and approval mechanisms determined by the DAO and team.

I propose the following safeguards:

  • Funds remain on-chain, ensuring complete transparency.
  • Quarterly reporting to the community on progress and performance.
  • I am open to any checks from the team in terms of KYC if needed

5. Investment Strategy Overview

Key Principles:

  1. Capital Preservation : Prioritize low-risk strategies to ensure the treasury’s stability.
  2. Exposure : Leverage strategic exposure to alts during the bull market while reducing risk closer to 2025 Q3-Q4.
  3. Yield Optimization : Focus on yielding opportunities with proven protocols and mechanisms.

6. Tenure

I propose an initial 6-month trial period, during which my performance can be evaluated. If successful, the tenure can be extended by an additional 6 months. This flexible approach allows the DAO to reassess and make changes as needed.

7. Compensation

This is a voluntary role, and I will not seek monetary compensation. My motivation lies in supporting the DAO and its community.

8. Conclusion

Wonderland has been a source of both joy and challenges for its members. I am confident in my ability to implement safe, reliable, and effective yield strategies to revitalize the treasury and ensure the DAO’s longevity. I look forward to the community’s feedback.

4 Likes
2

Thanks for nominating yourself for this role.
A few quick questions regarding your proposal:

  1. Would your proposed strategies work with a multisig in place? I’m asking because multisigs have been notoriously inefficient, though act as a safeguard. We don’t want another scenario whereby we lose money while waiting for multisig to sign and execute.

  2. What would be your view on returning value to token holders? Previously, the mechanism was largely based on buybacks to maintain a certain price point. However, as we have seen, this strategy is capital intensive and could work against your strategies. I believe holders are most concerned about this part, as it translates to how they could make a profit from their investment.

  3. I appreciate your voluntary appointment, but I feel that at some point, you’ll need to be compensated for your work. What milestone do you think that’s fair for you to start receiving compensation and how would it be worked out? (Keep the current system?)

  4. You mentioned a tenure of 6mth trial + 6mth extension. Would you be able to commit to this role long term, or only for 1 year as mentioned in your proposal?

3

  1. Multisig will introduce some delay that might impact certain opportunities, but I believe it’s essential for safety. I want to emphasize that my goal is to be as safe and transparent as possible. However, most strategies will be set and left untouched, meaning we’ll set them up and only check them every few days to ensure the yields match our predictions.

  2. I would prefer to distribute funds semi-annually or even once per year to maximize the compounding effect. Of course, I can provide quarterly reports for tracking purposes.

  3. We can discuss my compensation after we see some results, perhaps after the first six months.

  4. I can commit to this role long-term, I enjoy finding complex yield strategies and high yields opportunities.