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Pozzle Treasury
How is the Treasury managed?
Pozzle Planet's Treasury is structured with a focus on long-term sustainability and economic value as well as ensuring that all assets are transparently held and remain compliant under related Pozzle Planet LLC status. All incoming funds (in fiat, ETH or other crypto) from token sales, fees or revenues from the Pozzle ecosystem, are managed by the Treasury.
Early on, the Core & Founding Team manage the Treasury and have full governance over the token distribution across all areas, with the support of a team of specialised Treasury core contributors from the Pozzle Guild. This setup remains in place until such time as sufficient decentralization has occurred and Pozzle Planet has been transitioned into DAO state. The Treasury is managed via incorporating tools like Coordinape, Llama, Snapshot, Parcel and Gnosis, and is committed to being 100% transparent and operating with the utmost integrity.
Treasury Multi-sigs
There are 6 multi-sigs (doxxed / verified) for our Gnosis Safe vaults which requires a majority for transactions. Signatories:
The DAO is growing with currently over 30+ daily core contributors, and over time the Treasury will continue to increase the amount of contributors and stakeholders. Eventually, $POZ or Governance token holders are expected to replace the early team as administrators of the Protocol.
How does the Treasury fund ‘PoL’ Protocol Owned Liquidity?
Taking inspiration from other successful project launches and the unique nature of Pozzles, Pozzle Planet initially fundraises through a mix of the following mechanics:
$POZ token pre-sales (see $POZ Pre-Sales) for initial treasury funding are available, where an NFT is created to represent auto-staked (locked) $POZ tokens and these NFTs can later be sold in the market if the user requires liquidity. The initial liquidity in the $POZ pool will come from an 'LBP' / Bootswap event following the example of WhiteWhale protocol.
Once the above are implemented we introduce bonding. Bonding is for impact tokens and other tokens that the Treasury deems worth accumulating. There are limits on bonding set by the Protocol. This way the POZ tokens are not diluted rather are a strategic sell by the Protocol in order to stabilise price and growth.
How is the PoL used by the Treasury?
Our ‘POL’ Protocol-owned Liquidity model is initially funded through pre-sales & liquidity bootstrapping, then via. Bonding & ‘fastPOZ’ (purchases & quick-swaps) via the Pozzle Planet mobile-app.
The initial strategy for use of funds/PoL would be earning an amount of APR from all swap fees between $POZ and the main pair we choose. Once there is enough liquidity in the pool, the Treasury begins to exist and this Treasury will be divided into the impact tokens and the yield generating strategies.
Treasury Use of Funds
The Treasury will implement yield earning strategies that will help boost the Treasury's reserves, with an aim to focus on decentralised stablecoins. Initially 40%+ of funds dedicated to high APR strategy (Target 45% APR) then bridge & deposit funds in vaults, letting it grow with safe, consistent yields that are low risk (Target APR 20%).
Considering stablecoin history we're looking at balancer pools to give everyone access to multiple forms of liquidity. Information about the liquidity will become available for the LBP when we go LIVE.
Regarding impact-tokens, considering that they may be volatile and for the time being have limited demand in DeFi, this is a future planning purchase that is considered a Treasury expense. This means the yield-generating side of the Treasury has to be efficient and safe with the use of funds to guarantee consistent growth. A portion of these funds will be dedicated to stablecoin farming strategies as these are low risk and can guarantee decent APR for the growth of the Treasury.
Last modified 9d ago