# February 2024 activity report

**URL:** <https://gov.stakedao.org/t/february-2024-activity-report/918>\
**Category:** Activity report\
**Created:** [12 March 2024 10:19 UTC](https://gov.stakedao.org/t/february-2024-activity-report/918 "2024-03-12T10:19:19Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Tube](https://gov.stakedao.org/user_avatar/gov.stakedao.org/tube/32/264_2.png) [@Tube](https://gov.stakedao.org/u/Tube)\
**Post date:** [12 March 2024 10:19 UTC](https://gov.stakedao.org/t/february-2024-activity-report/918/1 "2024-03-12T10:19:19Z")

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## Highlights

- Role of the Association has been defined by governance
- Final audit reports received for Onlyboost including fixes
- Votemarket for veSDT, veFXN and veCVG

## Product

#### February retrospective

- Final audit reports received for Onlyboost including fixes
- Votemarket for veSDT, veFXN and veCVG
- Deployed an OTC bribe registry contract to automate the management of OTC bribes received by lockers
- Deployed the sdCAKE voter contract
- Top Cake leaderboard
- Votemarket Github API
- Angle on-chain governance adaptation
- Deployed vsdCRV OFT

#### Focus for March

- Deploy Only Boost
- Migrate all the strategies to the new architecture for massive gas cost improvement and better security.
- Migrate all the accumulators to the new architecture.
- Create a dune Dashboard for SDT
- Deploy trisdCRV pool on Arbitrum
- Deploy a Fraxtal FXS locker
- If possible deploy Votemarket on Fraxtal

## Business development

#### February retrospective

- Submitted Reserve/Confusion Capital grant
- Received 20% of the Binance grant
- Received 70% of the ARB grant
- Converted an additional 3m CRV, reaching 4m out of the 6m CRV voted by Aave Governance to be deployed on Stake DAO.
- sdFXS, sdANGLE, sdFXN pegs restored following Convergence launch and FXTL and PYTH airdrops
- Supported the launch of Convergence with technical and marketing support.

#### Focus for March

- Delivering better performance to Aave than their cvxCRV bag to motivate them coming back to the voted governance decision
- Onboarding Matrixdock with a test amount to sdCRV
- Signing a distribution agreement with Staking Rewards
- Selling Onlyboost

## Financials

#### [Stake DAO treasury](https://debank.com/profile/0xf930ebbd05ef8b25b1797b9b2109ddc9b0d43063)

 ![](https://gov.stakedao.org/uploads/default/original/1X/0a5184cc1952df7fe68c407ae5ac1c238171c956.png)

- Market going up positively impacted the treasury which gained almost $1m in value in February.

#### P&L

 ![](https://gov.stakedao.org/uploads/default/original/1X/e39cb7697123ff1eec65f34a659057a6b45d86d7.png)

- Legal costs are exceptional and should keep going in Q1 2024 but should go down significantly after.
- Legacy products revenues are also mostly exceptional (exit fees on old strategies).

## Legal & Governance

#### February retrospective

- Role of StakeDAO Association defined by governance
- Set up of the Association and first general assembly
- Preparation of the legal set up to enable the Association to perform services for the DAO

#### Focus for March

- Propose the new multisig and contract structure
  - Subject to approval by the governance, proceed to elections of signatories and their suppleants

- Push a grant proposal by the Association to the DAO for the development of the product for the next six months