🥧 Inside The Bakery 19: $91K Last Month In Farming Income
Special edition: August 2021 Treasury Farming Committee report
Welcome to a special edition of Inside the Bakery. Today the first Treasury Farming Committee (TFC) report went live and we have the first look.
Skip to the full report at the bottom of the newsletter.
The Treasury Farming Committee(TFC) is an independent board of professionals. It determines methods of allocating and utilizing PieDAO treasury funds. The TFC's goals are to diversify assets, drive inflows, and enable the DAO to be self-sustaining.
The TFC set the following performance benchmark: ( 83.3% ETH earning 5.8% APY; 16.7% DAI earning 10% APY )
TFC has outperformed the benchmark since its start on July 21st
Generated $7.1 million in asset appreciation and $91K in farming income
Outperforming benchmark by 3.4% since its start on July 21
Just missed August benchmark by 5%
Outlook: The TFC is medium and long- term bullish ETH/BTC. It currently views 90% exposure as a somewhat neutral position. It will buy dips or consider increasing exposure in Q4.
As a DOUGH holder- Why should I care? The TFCs money is your money. Solid performance means higher rewards for DOUGH stakers(Learn more here). It also helps with covering operational costs so the DAO runs smoother.
Read the complete report below:
Want to keep up with the latest treasury farming news or be part of the discussion? Join the #treasury-farming discord channel