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# System prepended metadata

title: Coordinape Treasury Plan

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# Coordinape Treasury Plan
Yeah, t
## Details

The Coordinape treasury will manage 250 YFI (c.$8.8m). This will be used to fund monthly Coordinape allocations.

### Goals
- Attract and incentivize the best Defi contributors to build value for Yearn
- Create a connected, yet autonomous? system to support non-salaried yearn contributors

### Funding 

- Monthly allocation pool will have a ceiling and floor based on leading market prices
- Ceiling/floor could automatically expand/contract based on # of monthly active coordinape participants
- If ceiling is reached, excess funds go to yearn treasury?
- If floor is not reached, required additional funds come from yearn treasury
- Yearn vault fee should be waived? But strategist fee is kept
- YFI could be slowly and carefully dispersed for long term valued contributors, i.e., contributor received x GIVE over 6 mo.

### Benefits

- Incentivizes Yearn to create optimal YFI strategies and keep them up to date. This also benefits YFI holders with quality YFI vaults.
- Offloads time consuming grant allocation and fund management off Operations Team
- Clarity and separation in Yearn accounting and treasury management


## Farming

### Principles

- Maximize risk-adjusted yield
- Minimum level of diversification
- Maximum level of leverage
- Use trusted protocols
- Use Yearn's vaults as much as possible

### List of Trusted Protocols

- Maker
- Curve
- Aave
- Compound
- Sushiswap
- Uniswap
- Unit Protocol
- Bancor

### Potential [Strategies](https://docs.google.com/spreadsheets/d/1etmP_vnmK0sXPo5QVxPD9i4Osj0lQ1MNJzaj6AkVVUA/edit?usp=sharing)

1. Deposit in yvYFI vault
2. Use YFI to mint USDP on Unit and deposit it into the crvUSDP vault.
3. Use YFI to mint USDP on Unit and deposit it to the Ironbank vault (will possibly have much higher boost soon see https://dao.curve.fi/gaugeweight)
4. [please add lots of strategies!]

## Future

- Grow/add to Coordinape pool to support the entire Yearn payment system
- 

## Questions

- How much autonomy does YFI Coordinape treasury management group have over the treasury? Do funds stay under Multisig, or is another Coordinape multisig formed with interested parties?
- If we have a multisig who can draft transactions? A strategist, maybe?
- Can the treasury sell YFI, e.g. for short-term opportunities?
- Is the expectation that only the interest can be used to fund Coordinape? (This could be a significant constraint on funds)
- What time period should it be managed over?
- If it is separate to yvYFI, does it need to pay fees? If so, what would be appropriate?
- Should the treasury's goal be to grow the pool or slowly disperse the funds slowly over time?
- How can we make the treasury bear-market proof?
- Do we make it easy - strategy-wise - and just follow what the rest of the treasury farm is doing?
- All yearn contributors both salaried and part-time, should benefit from higher TVL/incoming fees: See UMA KPI program. Folks with YFI packages benefit from YFI price (which BABY should help with, but it's not clear how much it has or will affect the YFI price), the 250 YFI pool is the next step for non-YFI-packaged contributors. But it would be great for everyone to have a direct upside to TVL and incoming yearn fees.
- [please add any questions you've got]

