Comment on page
DAO Treasury
To support the growth of the Parallel Protocol a protocol treasury has been set up, funded by the fees generated by the protocol.
Below are the addresses of the DAO Treasury:
Initiated by MGP-12 and updated with MGP-15 a strategy treasury has been implemented by Parallel DAO. The strategy is performed by the DAO Multisig.
Treasury Strategy Flywheel
- Every 4 months, claim ETH rewards from sePSP2 staking
- Every 4 months, swap ETH for AURA tokens Every 4 months, claim auraBAL from vlAURA locking
- Every 4 months, swap claimed auraBAL for AURA
- Every 4 months, claim APW from sdAPW staking → Deposit and stake them for sdAPW
- Every month, bridge accumulated PAR to Polygon
- Every month, bridge accumulated paUSD to Polygon
- Every 4 months, lock AURA tokens and relock current vlAURA
- Every month, swap accumulated paUSD and PAR to get a 50/50 split in $ equivalent
- Every month, Deposit and stake PAR in the p-cs-kp-eur on Aura
- Every month, deposit and stake paUSD (20%) with MIMO (80%) in the MIMO/p-cs-kp-usd on Aura
- Every 4 months, claim BAL and AURA tokens from the p-cs-kp-eur
- Every 4 months, claim BAL and AURA tokens from the MIMO/p-cs-kp-usd
- Every 4 months, swap claimed BAL for WETH
- Every 4 months, bridge WETH to Ethereum
- Every 4 months, bridge claimed AURA to Ethereum