Highlights
- 11% of Curve’s inflation going through Stake DAO strategies (ATH)
- Steady revenues in a lower market environment
Product (Strategy/Smart contracts/UI/Development)
January retrospective
- Staking v2 specs definition
- Listapie and Solv IFO
- Spectra vote rewards automated distribution
- Brought forward vlCVX vote rewards distributions on Thursdays
- Fixed several bugs, and developed the automation of processes
Focus for February
- Zerolend locker finished and audited
- Develop the SPECTRA locker
- Start the development of Staking v2
- Balancer VMv2
Business development
January retrospective
- Delegation reward program brought 300k vlCVX delegated to stakedao-delegation.eth on the first round
- Increased share of Aladdin votes for VM bribes
- ATH share of Curve inflation going through Stake DAO strategies, notably driven by a BD push on the AIOZ/WETH strategy: 10.60%, representing $1m of annual revenues at a CRV price of $0.8
- Development of the institutional BD, with a partnership with a private traditional fund manager that will use exclusively Stake DAO strategies (test amount of $15k deposited)
- Reached 200k veBAL
- Sharp increase in Yearn strategies TVL
- Flat TVL on Stake DAO’s strategies, but a shift towards more profitable ones:
- Total TVL in strategies: $54m (-$0.5m / -0.8% MoM)
- Onlyboost TVL: $38m (+$2m / +6.5% MoM)
- Number of strategies above $1m: 10 (+1 / +11% MoM)
- Yearn strategies TVL: $5m (+$1.8m / +55% MoM)
Focus for February
- Close a second deal with vlCVX vote delegation
- Prepare the ZeroLend locker launch
- Partnership with Resolv to push Stake DAO strategies
- Trying to get Resolv to use Stake DAO strategies for their backing
- Defend Morpho grant request
Product investment performance tracking
Financials
Stake DAO treasury : https://debank.com/profile/0xf930ebbd05ef8b25b1797b9b2109ddc9b0d43063
The treasury saw a steep decrease this month following the market downturn.
P&L
Steady recurring revenue in January, despite market downturn, explained by a steady growth in all business lines, especially in Onlyboost revenues (+36% MoM) offset by a decrease in treasury revenues.
Association grant use report
Bonus payment explains the increase in R&D / O&M charges in January.
Legal & governance
January retrospective
- Updated terms and conditions’ and requested approval to connect to the UI
- H1-25 grant request passed guaranteeing continued support to Stake DAO for the next six months
Focus for February
- Update privacy and cookie policies
- Proposal to accept ownership of the ZeroLend locker
- Transfer of twitter account
is progressing on its 4 pillars. Well done, guys, keep building!