Crypto Unicorns Final Treasury Report October 2024

Read more about the Final Treasury Report in this article.

This treasury report outlines all transactions made in October 2024. With Laguna Games transferring DAO operational leadership to the community by November 15, 2024, this will be the final treasury report authored by Laguna Games personnel.

Please note, this report presents the treasury status as of October 30, 2024. However, some outstanding payments for periods before October 2024 are expected to arrive over the coming weeks and will be settled in November, despite the services rendered in previous months.

Before diving into specifics, we will review the treasury balances at the start and end of the quarter.

September 30, 2024 Balances

October 30, 2024 Balances

*Note: This reflects the October 30, 2024 prices.

This final treasury report will be simpler, detailing only the October transactions.

I. Summary

The quarter began with a combined LP and treasury value of $729,030 and concluded at $466,687.

II. Disbursements

Disbursements encompass all expenses related to the DAO’s operations and influence the overall liquid portion of our treasury.

A. DAO Operations

1. Staking Reward Maintenance: The staking reward pool continues to be maintained, ensuring consistent rewards for stakers.

2. Operations Cost: AA disbursement covering a month and a half was made, covering fees for staking platforms, marketplace, website maintenance, and other operations related to the DAO’s operational transition. Payments to external vendors are also included here.

3. Rewards: This includes distributions for player rewards from old events/leaderboards.

B. Grants and Rewards

1. Development Grants: The UniWU grant remains active, with a 2 ETH payout recorded for October.

*As our Ecosystem Fund grant is denominated in $CU, we transfer an equivalent amount of $CU from the Ecosystem Fund into the Treasury to offset the USDT/C and ETH disbursements. Since the September distribution offset was not completed then, this transfer was processed in October.

2. Ecosystem Fund Grants: For October the only ongoing $CU grant is the reduced Community Support & Knowledge Sharing.

*Community Support and Knowledge Sharing payments are processed in the first week of the following month. Accordingly, the “November” Efund Payout represents the October allocation, and the “October” Efund Payout represents September’s allocation.

III. Token Transfer Events

Token transfer events cover operations that do not impact the overall dollar value of our treasury but are of interest to the $CU economy and DAO.

A. Wallet Consolidation Events

1. Operations Wallet Consolidation: With Laguna Games exiting as the DAO’s operations custodian, CU DAO assets held in operational wallets are being consolidated into the Safe treasury.

2. CEX and Market Maker Asset Consolidation: WDue to the CU/USDT pair’s delisting from CEXes, market-making operations have ceased, and the relevant assets have been returned to the treasury.

B. Governance-related Events

1. Tokenomics Update: In line with a Snapshot vote to reallocate the P2E Allocation to the Ecosystem Fund, 7,374,493 CU has been transferred from the P2E Allocation to the Ecosystem Fund.

2. Burn Operations: With the approval of CUIP-049 and CUIP-050, burn operations that started in Q2 continues. All $CU from various sources that entered the main treasury account have been queued for burning.

3. CU Token Unlocks: To reduce the Team and Investor block's supermajority, these tokens will be unlocked, distributed, and any unallocated team portion burned in November. For this reason, the October distribution was skipped.

III. Loan Positions

1. AAVE Loan: Aside from an additional borrowing of 35,000 in October, all loan positions remain unchanged and information remains accessible on Debank website.

IV. Revenues

1. Yield Positions: No new yield positions were added in October, and the DAO continues to hold the existing protocol-owned LPs for UNIM and CU.

1. NFT Sales: As in Q3, there were no primary or secondary sale revenues for October.

2. LP Fees: No additional LP fees were extracted for buyback and burn operations in October.

This report includes all transactions completed by the end of October and aims to provide a comprehensive overview of the treasury’s status two weeks before the transition.

It is important to note though that as mentioned at the start of this report, some unpaid bills covering earlier periods are yet to be billed and shall be paid in November. However, with the recent wallet consolidation, all transactions can henceforth be monitored through the Safe addresses.

Treasury

Arbitrum

Ethereum

CU Vaults

Staking

Ecosystem Fund

Team and Investor

Additionally, the necessary operations for the Team and Investor allocation, aimed at creating a balanced voting distribution within the DAO, will be queued in November. Although these allocations are not DAO-owned or controlled, they can be monitored in the Team and Investor Safe vault for those who are interested.

Thank you for being a part of our journey. We look forward to the DAO’s next phase.