# Treasury Council Decisions **URL:** https://forum.badger.finance/c/treasury-council-decisions/17.md?page=2 [Latest](https://forum.badger.finance/latest.md) · [Categories](https://forum.badger.finance/categories.md) **Page:** 3 --- ## [TCD #48 - Twitter Subscriptions](https://forum.badger.finance/t/tcd-48-twitter-subscriptions/6232)
**Author:** [@FreddyTheFilosopher](https://forum.badger.finance/u/FreddyTheFilosopher)\ **Replies:** 1\ **Last updated:** [April 2, 2024, 10:41am UTC](https://forum.badger.finance/t/tcd-48-twitter-subscriptions/6232 "2024-04-02T10:41:00Z")
TCD#48 - Twitter Subscriptions TLDR; As part of the X/Twitter migration to Impact3, @Will.i.am has cancelled the Badger X subscription. Impact3 has agreed to take it over on behalf of the DAO. $1000 / month for X Veri… --- ## [TCD #45 - Badger Twitter Management](https://forum.badger.finance/t/tcd-45-badger-twitter-management/6181)
**Author:** [@FreddyTheFilosopher](https://forum.badger.finance/u/FreddyTheFilosopher)\ **Replies:** 0\ **Last updated:** [March 6, 2024, 2:39pm UTC](https://forum.badger.finance/t/tcd-45-badger-twitter-management/6181 "2024-03-06T14:39:35Z")
TCD #45: Hire Impact3 on March 1 for a 3 month trial TLDR; Hire Impact3 on March 1 for a 3 month trial to develop Badger brand voice, amplify eBTC launch and grow the community via Twitter. Impat3 will work directly w… --- ## [TCD#47. Lend $BADGER - an amendment to TCD#32](https://forum.badger.finance/t/tcd-47-lend-badger-an-amendment-to-tcd-32/6198)
**Author:** [@Lipp](https://forum.badger.finance/u/Lipp)\ **Replies:** 0\ **Last updated:** [March 12, 2024, 2:58pm UTC](https://forum.badger.finance/t/tcd-47-lend-badger-an-amendment-to-tcd-32/6198 "2024-03-12T14:58:47Z")
TCD#47. Lend $BADGER - an amendment to TCD#32 The initial six month tranche was exercised: Now the second six month term commences for the additional 300k tokens. GSR has offered amending to a 75% premium to the thre… --- ## [\#44 - Remove funds from Liquis/Bunni LP](https://forum.badger.finance/t/44-remove-funds-from-liquis-bunni-lp/6180)
**Author:** [@Petrovska](https://forum.badger.finance/u/Petrovska)\ **Replies:** 0\ **Last updated:** [March 6, 2024, 7:22am UTC](https://forum.badger.finance/t/44-remove-funds-from-liquis-bunni-lp/6180 "2024-03-06T07:22:47Z")
TCD #44 - Remove Funds From Liquis/Bunni LP TLDR; Withdraw treasury funds from Liquis due to its illiquid nature of the received yield asset ($liq) and associated operational overhead outweighing current monthly returns… --- ## [\#46. Treasury Policy Amendment: Change Stablecoin Holding Requirement from 1 Year to 1 Quarter](https://forum.badger.finance/t/46-treasury-policy-amendment-change-stablecoin-holding-requirement-from-1-year-to-1-quarter/6179)
**Author:** [@Mr\_Po](https://forum.badger.finance/u/Mr_Po)\ **Replies:** 0\ **Last updated:** [March 5, 2024, 6:24pm UTC](https://forum.badger.finance/t/46-treasury-policy-amendment-change-stablecoin-holding-requirement-from-1-year-to-1-quarter/6179 "2024-03-05T18:24:02Z")
TCD#46. Treasury Policy Amendment: Change Stablecoin Holding Requirement from 1 Year to 1 Quarter Badger Treasury is running low on Stablecoins. To adhere to the initial policy of maintaining 1 year of operating expense… --- ## [\#43 New Treasury Council Member ADCV and Replacing Spadaboom](https://forum.badger.finance/t/43-new-treasury-council-member-adcv-and-replacing-spadaboom/6151)
**Author:** [@Spadaboom](https://forum.badger.finance/u/Spadaboom)\ **Replies:** 0\ **Last updated:** [February 20, 2024, 3:41pm UTC](https://forum.badger.finance/t/43-new-treasury-council-member-adcv-and-replacing-spadaboom/6151 "2024-02-20T15:41:34Z")
Summary Over the last 3 months ADCV chef and co-founder of Steakhouse has joined the Badger community focusing his contributions on the financial state of the DAO, eBTC launch plans and spearheading the BALCO. During thi… --- ## [\#42 - Badger Association - 2024 Q1 Budget](https://forum.badger.finance/t/42-badger-association-2024-q1-budget/6132)
**Author:** [@Lipp](https://forum.badger.finance/u/Lipp)\ **Replies:** 0\ **Last updated:** [January 26, 2024, 2:39pm UTC](https://forum.badger.finance/t/42-badger-association-2024-q1-budget/6132 "2024-01-26T14:39:37Z")
Summary This treasury decision is for Q1 2024, to fund Association operations with $1.6M USD equivalent (~16% year over year decrease relative to actuals with a ~$6M annualized forecast), while maintaining front of marke… --- ## [\#41 Treasury Council Independence](https://forum.badger.finance/t/41-treasury-council-independence/6128)
**Author:** [@gosuto](https://forum.badger.finance/u/gosuto)\ **Replies:** 1\ **Last updated:** [January 11, 2024, 9:50am UTC](https://forum.badger.finance/t/41-treasury-council-independence/6128 "2024-01-11T09:50:01Z")
Treasury Council Decision #41: Treasury Council Independence TL;DR: Move payments of compensation for Treasury Council members from the Badger Association multisig to the Treasury Council multisig. This decreases the pos… --- ## [\#8 1.5x BTC Long using 5 Treasury BTC and Oasis](https://forum.badger.finance/t/8-1-5x-btc-long-using-5-treasury-btc-and-oasis/5693)
**Author:** [@1500Badger](https://forum.badger.finance/u/1500Badger)\ **Replies:** 7\ **Last updated:** [December 6, 2023, 2:26pm UTC](https://forum.badger.finance/t/8-1-5x-btc-long-using-5-treasury-btc-and-oasis/5693 "2023-12-06T14:26:20Z")
Treasury Council Decision: 1.5x-2x long BTC at or near current levels TLDR: Using https://oasis.app/ BadgerDAO will use 5 wBTC to gain leverage between 1.5x and 2x. The bitcoin price is down 50% from the all-time high a… --- ## [\#32: Treasury Council Decision: Lend $BADGER](https://forum.badger.finance/t/32-treasury-council-decision-lend-badger/6033)
**Author:** [@Lipp](https://forum.badger.finance/u/Lipp)\ **Replies:** 1\ **Last updated:** [November 28, 2023, 11:43am UTC](https://forum.badger.finance/t/32-treasury-council-decision-lend-badger/6033 "2023-11-28T11:43:35Z")
BadgerDAO has the opportunity to strengthen token distribution, liquidity depth, and volume by providing a $BADGER loan to a global market making partner, with an expected profit when repayment is exercised. To work wit… --- ## [\#40 Remove Funds From FRAX and Balancer/Aura LPs](https://forum.badger.finance/t/40-remove-funds-from-frax-and-balancer-aura-lps/6059)
**Author:** [@1500Badger](https://forum.badger.finance/u/1500Badger)\ **Replies:** 0\ **Last updated:** [November 21, 2023, 8:10pm UTC](https://forum.badger.finance/t/40-remove-funds-from-frax-and-balancer-aura-lps/6059 "2023-11-21T20:10:30Z")
TCD #40 - Remove Funds From FRAX and Balancer/Aura LPs The performance of each treasury asset and the treasury as a whole must have clear accountability to allow future governance by BADGER token holders. The following … --- ## [\#39 Divest AURA From DIGG LP](https://forum.badger.finance/t/39-divest-aura-from-digg-lp/6058)
**Author:** [@1500Badger](https://forum.badger.finance/u/1500Badger)\ **Replies:** 0\ **Last updated:** [November 21, 2023, 3:11pm UTC](https://forum.badger.finance/t/39-divest-aura-from-digg-lp/6058 "2023-11-21T15:11:35Z")
TCD #39 - Diversification of Treasury AURA From DIGG LP The performance of each treasury asset and the treasury as a whole must have clear accountability to allow future governance by BADGER token holders. The following… --- ## [\#1 Balancer Deposit of Treasury BTC and Badger](https://forum.badger.finance/t/1-balancer-deposit-of-treasury-btc-and-badger/5682)
**Author:** [@1500Badger](https://forum.badger.finance/u/1500Badger)\ **Replies:** 1\ **Last updated:** [November 21, 2023, 3:10pm UTC](https://forum.badger.finance/t/1-balancer-deposit-of-treasury-btc-and-badger/5682 "2023-11-21T15:10:05Z")
tldr; This proposal is to add 15 BTC and the requisite amount of BADGER to the LP, as well as have between 1500 - 3000 BADGER per week allocated for bribes on Hidden Hands to incentivize BAL rewards. Badger/wBTC 80/20 … --- ## [\#38 Treasury Policy Amendment](https://forum.badger.finance/t/38-treasury-policy-amendment/6057)
**Author:** [@1500Badger](https://forum.badger.finance/u/1500Badger)\ **Replies:** 0\ **Last updated:** [November 21, 2023, 3:08pm UTC](https://forum.badger.finance/t/38-treasury-policy-amendment/6057 "2023-11-21T15:08:48Z")
TCD #38 Treasury Policy Amendment This amendment proposes a partitioning of the overall portfolio. This will allow specification risk management per partition where differing approaches are required. Partitions Summary … --- ## [\#36 Divestment of Treasury AURA](https://forum.badger.finance/t/36-divestment-of-treasury-aura/6056)
**Author:** [@1500Badger](https://forum.badger.finance/u/1500Badger)\ **Replies:** 0\ **Last updated:** [November 21, 2023, 3:07pm UTC](https://forum.badger.finance/t/36-divestment-of-treasury-aura/6056 "2023-11-21T15:07:39Z")
TCD #36 - Diversification of Treasury AURA The performance of each treasury asset and the treasury as a whole must have clear accountability to allow future governance by BADGER token holders. The following is research … --- ## [\#37 Value Preservation of ibBTC Rewards](https://forum.badger.finance/t/37-value-preservation-of-ibbtc-rewards/6049)
**Author:** [@saj](https://forum.badger.finance/u/saj)\ **Replies:** 1\ **Last updated:** [October 20, 2023, 10:20am UTC](https://forum.badger.finance/t/37-value-preservation-of-ibbtc-rewards/6049 "2023-10-20T10:20:49Z")
TLDR; As per BIP 100, ibBTC accumulated rewards will be used to incentivize eBTC bootstrap. In order to preserve the value of these rewards, in preparation for this, the treasury will swap them for ETH with the exception… --- ## [\#34: Liquis partner engagement](https://forum.badger.finance/t/34-liquis-partner-engagement/6029)
**Author:** [@Petrovska](https://forum.badger.finance/u/Petrovska)\ **Replies:** 0\ **Last updated:** [August 18, 2023, 3:48pm UTC](https://forum.badger.finance/t/34-liquis-partner-engagement/6029 "2023-08-18T15:48:15Z")
TL;DR: Liquis is selling 10% of the supply for partners engage on Bunni currently. 0.1% of the supply is sold for $10k with the requirement of committing the capital during the course of 6m, tokens received are vested fo… --- ## [\#35: Buy up to 200,000 BADGER to Offset TCD #32 Expenses](https://forum.badger.finance/t/35-buy-up-to-200-000-badger-to-offset-tcd-32-expenses/6028)
**Author:** [@1500Badger](https://forum.badger.finance/u/1500Badger)\ **Replies:** 0\ **Last updated:** [August 18, 2023, 2:59pm UTC](https://forum.badger.finance/t/35-buy-up-to-200-000-badger-to-offset-tcd-32-expenses/6028 "2023-08-18T14:59:54Z")
TCD #35: Buy up to 200,000 BADGER to Offset TCD #32 Expenses. Note: TCD#32 has not been made public as per BIP 89 TCD #32 will be made public 24 hours after execution. TL;DR: Buy up to 200k BADGER using a maximum of 5… --- ## [\#30 Formalise Annual Operating Budget 2023](https://forum.badger.finance/t/30-formalise-annual-operating-budget-2023/6013)
**Author:** [@gosuto](https://forum.badger.finance/u/gosuto)\ **Replies:** 0\ **Last updated:** [June 15, 2023, 2:49pm UTC](https://forum.badger.finance/t/30-formalise-annual-operating-budget-2023/6013 "2023-06-15T14:49:42Z")
TLDR: formally approve the operating budget for the financial year of 2023, $8m in total at current market rates. Background Despite having determined an operating budget for 2023 before the year started, it was never f… --- ## [\#28 Managing Stable Coin Risk](https://forum.badger.finance/t/28-managing-stable-coin-risk/5958)
**Author:** [@1500Badger](https://forum.badger.finance/u/1500Badger)\ **Replies:** 0\ **Last updated:** [March 11, 2023, 11:15pm UTC](https://forum.badger.finance/t/28-managing-stable-coin-risk/5958 "2023-03-11T23:15:01Z")
Valuing An Investment - Managing Stable Coin Risk The performance of each treasury asset and the treasury as a whole must have clear accountability to allow future governance by BADGER token holders. The following is re… --- ## [\#27: Deposit $500k in Bunni](https://forum.badger.finance/t/27-deposit-500k-in-bunni/5960)
**Author:** [@1500Badger](https://forum.badger.finance/u/1500Badger)\ **Replies:** 1\ **Last updated:** [March 13, 2023, 8:08pm UTC](https://forum.badger.finance/t/27-deposit-500k-in-bunni/5960 "2023-03-13T20:08:18Z")
Treasury Council Decision #27: Deposit $500k BADGER/WBTC in Bunni combined with an incentive program TLDR: Deposit $500k into Bunni (at current prices will be roughly 10 WBTC and 74846 BADGER) in \[-50%, 125%\] range coup… --- ## [\#26 Managing Size of AURA Holdings](https://forum.badger.finance/t/26-managing-size-of-aura-holdings/5959)
**Author:** [@1500Badger](https://forum.badger.finance/u/1500Badger)\ **Replies:** 0\ **Last updated:** [March 11, 2023, 11:16pm UTC](https://forum.badger.finance/t/26-managing-size-of-aura-holdings/5959 "2023-03-11T23:16:52Z")
Valuing An Investment - Managing Size of AURA Holdings The performance of each treasury asset and the treasury as a whole must have clear accountability to allow future governance by BADGER token holders. The following … --- ## [\#25: January emissions lookback and plan for remainder Q1](https://forum.badger.finance/t/25-january-emissions-lookback-and-plan-for-remainder-q1/5946)
**Author:** [@Petrovska](https://forum.badger.finance/u/Petrovska)\ **Replies:** 1\ **Last updated:** [February 15, 2023, 3:21pm UTC](https://forum.badger.finance/t/25-january-emissions-lookback-and-plan-for-remainder-q1/5946 "2023-02-15T15:21:03Z")
TLDR: Cease emissions for bcvxCRV for the rest of Q1. Background End of the year the treasury council proposed a continuation of the emissions for bcvxCRV during Q1 of 1552 Badger/week, with the plan for reassessing dur… --- ## [\#23: GTC Divestment](https://forum.badger.finance/t/23-gtc-divestment/5941)
**Author:** [@1500Badger](https://forum.badger.finance/u/1500Badger)\ **Replies:** 0\ **Last updated:** [February 10, 2023, 4:19pm UTC](https://forum.badger.finance/t/23-gtc-divestment/5941 "2023-02-10T16:19:17Z")
Valuing An Investment - GTC Diversification Strategy The performance of each treasury asset and the treasury as a whole must have clear accountability to allow future governance by BADGER token holders. The following is… --- ## [\#15: Rebalance WBTC/WETH Ratio](https://forum.badger.finance/t/15-rebalance-wbtc-weth-ratio/5773)
**Author:** [@gosuto](https://forum.badger.finance/u/gosuto)\ **Replies:** 2\ **Last updated:** [December 19, 2022, 8:29pm UTC](https://forum.badger.finance/t/15-rebalance-wbtc-weth-ratio/5773 "2022-12-19T20:29:11Z")
TLDR: Treasury is exposed way more to bitcoin than to ether. Swap 40 WBTC to WETH in order to somewhat correct this. Background The latest treasury portfolio report shows the following composition: Bitcoin: $5,4M Ethe… --- ## [\#18 Emissions 2022-Q4](https://forum.badger.finance/t/18-emissions-2022-q4/5778)
**Author:** [@gosuto](https://forum.badger.finance/u/gosuto)\ **Replies:** 1\ **Last updated:** [December 19, 2022, 8:27pm UTC](https://forum.badger.finance/t/18-emissions-2022-q4/5778 "2022-12-19T20:27:47Z")
TLDR: Keep existing emissions as is; emissions for the to be deprecated vaults expire the moment they get deprecated, cvxCRV emissions remain. Come up with a new approach for 2023. Background BIP-99 grants the treasury … --- ## [\#22 CVX Divestment 2](https://forum.badger.finance/t/22-cvx-divestment-2/5786)
**Author:** [@gosuto](https://forum.badger.finance/u/gosuto)\ **Replies:** 0\ **Last updated:** [December 19, 2022, 6:42am UTC](https://forum.badger.finance/t/22-cvx-divestment-2/5786 "2022-12-19T06:42:51Z")
The performance of each treasury asset and the treasury as a whole must have clear accountability to allow future governance by BADGER token holders. The following is research by $1500Badger on Treasury Divestment of CVX … --- ## [\#19 Frax Gauge Strategy](https://forum.badger.finance/t/19-frax-gauge-strategy/5784)
**Author:** [@1500Badger](https://forum.badger.finance/u/1500Badger)\ **Replies:** 0\ **Last updated:** [December 13, 2022, 7:50pm UTC](https://forum.badger.finance/t/19-frax-gauge-strategy/5784 "2022-12-13T19:50:23Z")
Treasury Council Decision #19: Frax Gauge Strategy TLDR: Swap all yield harvested from Frax gauges to DAI until we figure out a clear influence game to play there. Background With the creation of the BADGER/FRAXBP pool… --- ## [\#17 Badger/rETH TCL deposit](https://forum.badger.finance/t/17-badger-reth-tcl-deposit/5775)
**Author:** [@gosuto](https://forum.badger.finance/u/gosuto)\ **Replies:** 1\ **Last updated:** [October 27, 2022, 9:49am UTC](https://forum.badger.finance/t/17-badger-reth-tcl-deposit/5775 "2022-10-27T09:49:32Z")
TLDR: Deposit $2m into the Badger/rETH 50:50 balancer gauge (and then into aura) with the intention of farming yield and increasing on-chain liquidity for the Badger token. Background Rocket pool is a decentralized Ethe… --- ## [\#16 auraBAL Divestment](https://forum.badger.finance/t/16-aurabal-divestment/5774)
**Author:** [@1500Badger](https://forum.badger.finance/u/1500Badger)\ **Replies:** 0\ **Last updated:** [October 25, 2022, 9:04pm UTC](https://forum.badger.finance/t/16-aurabal-divestment/5774 "2022-10-25T21:04:41Z")
Treasury Council Decision #16: auraBAL Divestment TLDR: Unwind bauraBAL position into WETH, in order to de-risk from the directional bet on BAL and further strengthen overall bitcoin/ether ratio. Background In the firs… [Previous page](https://forum.badger.finance/c/treasury-council-decisions/17.md?page=1) [Next page](https://forum.badger.finance/c/treasury-council-decisions/17.md?page=3)