Hedgey Pilot Program for Treasury
This proposal is to fund the 1Hive Hedgey pilot program on behalf of the Treasury.
The 1Hive DAO needs treasury management tools that provide longevity and stability to the DAO regardless of market volatility.
Hedgey allows the 1HIVE DAO to sell conditional agreements using HNY. These agreements can generate xDAI revenue for the DAO, as well as diversify the treasury in a transparent way.
Expected duration or delivery date
2 to 3 months after initial launch.
Swarm DAO members with equal weight in control of funds:
Hedgey Team members with equal weight in control of funds:
Amount of HNY requested:
XDAI address where funds shall be transferred:
(Will be putting the XDAI/Hedgey multisig Gnosis account information here
More detailed description of how funds will be handled and used:
HNY in this pilot will be used to create a series of covered calls (conditional agreements) on the Hedgey protocol. These calls will be available for purchase to the general public. Funds will be deployed from the Gnosis safe multi-sig wallet to the Hedgey Protocol. xDAI received from both revenue and token sales will be transferred from the Gnosis multi-sig wallet to the DAO at the conclusion of the pilot.
This is an initial pilot meant to gauge interest and performance of Hedgey within the 1hive community as an ongoing tool. A positive outcome of this pilot will result in additional proposals to use Hedgey as an ongoing portfolio management tool.