TMWG Stand up
AGENDA
- Bootstrapping the Treasury Management Workgroup
- coming up with focus areas
- Treasury Management strategies - initial brainstorm
- Other matters
Minutes
- Feedback from Grant Committee is to engage in revenue generating activities
- We
- TMWG has a responsibility to the community to be transparent about all actions and activities related to the use of the treasury.
- We need consensus from the community to proceed in using funds in Defi protocols.
- TMWG should come up with a proof of concept in how funds will be deployment into Defi protocols.
- What are some of the ways to increase our BANK reserve?
- having a buy back program where Defi yield can be used to buy more BANK.
- develop proposal framework for spending from the treasury
- Bankless Africa should have a channel now because it funded. 4 text channels and 1 voice.
- Recommend to be close to IMN
- come up with donation wallets for social media accounts - youtube, podcast, website.
Focus Areas
- Treasury Management
- Compensation Development
Proof of concept
- set up a Yield generating strategy with 5k BANK
- Strategies may include low risk, medium risk and high risk
- strategies may also include stable strategies, etc
- come up with strategies on more than 1 blockchain | compare and select the better one.
Action items
Come up with a defi strategy on celo - Tadi
develop treasury management processes - thinkDecade
set up a coin tree bankless Africa - Tadi