Highlights
- New Votemarket Analytics
- Arbitrum sdCRV voting was enabled
- Promising ramp up of Onlyboost TVL
Product
April retrospective
- New Votemarket analytics
- Update sdCRV snapshot to include vsdCRV on Arbitrum
- Improvements made to the automation
- Deployed new Curve factory
- Llamalend strategies UI
Focus for May
- Redeployment of Votemarket cross chain
- Possibility to take part in IFOs for sdCAKE holders
- Non v3 strategies on Stake DAO PancakeSwap
- Cross chain strategies on Stake DAO PancakeSwap
- Fraxtal FXS locker
- Revamping of Pendle voter rewards distribution
Business development
April retrospective
- Updated Defillama TVL
- Submitted Arbitrum STIP Bridge grant request
- Updated the Arbitrum grant Dune dashboard
- 1m additional CRV migrated from cvxCRV to sdCRV by Aave
- sdCRV repeg
- Deployed the Arbitrum asdCRV/CRV Ajna pool
- Increased the TVL of Arbitrum pool to $700k
- Onlyboost inflows: $8m
- Main Onlyboost strategies:
- crvUSD/tBTC/wsteth ($1.5m, 17% of Curve TVL)
- Llamalend crvUSD - WETH collateral ($1.3m, 15% of Curve TVL)
- USDT/crvUSD ($1.1m, 11% of Curve TVL)
- CRV/sdCRV ($0.7m, 37% of Curve TVL)
- ETH+/WETH ($0.7m, 28% of Curve TVL)
- With this approach, on those 5 strats only, Stake DAO is exposed to 1.4% of total CRV emissions
Focus for May
- asdCRV llamalend on Arbitrum
- Grow further the Arbitrum TVL
- Receive an STIP bridge grant and finish distributing the STIP grant
- Onlyboost expansion with focus on the following gauges:
- MIM/3CRV (5% of CRV emissions)
- OETH and OUSD pools (3% of CRV emissions)
- Tricrypto pools (9% of CRV emissions)
- pyUSD/crvUSD
Financials
[Stake DAO treasury](https://debank.com/profile/0xf930ebbd05ef8b25b1797b9b2109ddc9b0d43063)
- Market drop (in particular for CRV) severely hit the treasury value in April
P&L
- CRV drop led to decrease in Votemarket and farming revenues which armed the DAO’s profitability.
Association grant use report
- The cost reduction efforts led by the Association enabled it to save $45k since the initial attribution of the grant. However, a c.$30k legal cost payment is expected to occur in the next month.
Legal & Governance
April retrospective
- Multisig signer election was performed and executed
- STIP bridge grant request was submitted
Focus for May
- Commercial registration of the Association
- Bank account
- Team alignment proposal
- Recovery of missing Foundation funds
- veSDT rewards proposal
- SDT liquidity proposal