Title: Octav Onboarding to Track Metronome Treasury
Author(s): Octav Team
Status: Proposal
Summary: Octav proposes to provide monthly treasury reconciliation and reporting services for Metronome, offering detailed transparency reports that include key performance indicators (KPIs), wallet positions, and protocol deposits. The service aims to enhance stakeholder awareness through balance reports and revenue inflow information.
Motivation: This initiative addresses the need for enhanced transparency and accountability within Metronome. By providing regular, data-centric reports and the ability to view any transaction performed by the treasury, we aim to keep the community informed about the financial health and strategic decisions of the DAO.
Specification & Implementation: Octav will deliver 12 monthly treasury holdings breakdown reports for Metronome, each analysing key metrics and fundamental treasury data. The reports will cover:
- Key Metrics Report: Total funds, wallet positions, protocol positions, total funds by category, and total funds by network.
- Wallet Positions Report: Detailed breakdown of all tokens in treasury wallets, including balance, value, percentage, and network.
- Protocol Positions Report: Detailed breakdown of protocol deposits, including staked amount, yield, protocol, balance, and value.
- PDF and CSV: The treasury reports will be shared as both a PDF and CSV and can be imported to other dapps/treasury tracking software to enhance compliance.
Example report:
Metronome Treasury Dashboard and Transaction History:
Metronome will label and reconcile transactions done by the treasury to enhance transparency and accuracy. Holders can view balances and reports at any time.
Initial Pricing Offer: The service is priced at $2520 for a 1-year subscription, covering 7 treasury wallets and 12 monthly breakdown reports. Payment will be made in USDC to an address specified by the Octav team following approval.
Onboarding: The Metronome treasury wallets are already integrated with Octav, and the first report is set to be generated on July 29, 2024. Octav will collaborate with the Metronome team monthly to gather feedback and continuously improve the platform’s transparency features.
Term: The term for these services is 1 year, with a renewal option to be discussed at the end of the period.
Rationale: The proposed reporting service and reconciliation features are designed to provide maximum transparency and accountability for the Metronome treasury. This solution was chosen over others due to Octav’s existing integration with Metronome wallets and our commitment to delivering comprehensive, user-friendly reports that facilitate community engagement and trust.
Downside (Cons): There are no significant disadvantages anticipated with this proposal. However, there may be minor implementation challenges associated with integrating feedback and ensuring reports meet all stakeholder requirements.