Llama provides treasury management as-a-service for DAOs.
DAO treasuries are massive, sometimes >$1B in assets under management. DAO communities are struggling to manage these treasuries, which involves determining how budgets are allocated, asset diversification strategies, whether or not to lend/borrow capital, etc.
Llama attempts to provide a solution that helps DAOs better manage their treasuries.
Llama provides treasury management as-a-service, and you can hire them for help in four key areas:
Spending: Reward core contributors, attract the right set of new contributors, and allocate budget among working groups.
Asset allocation: Ensure that the treasury can continue to fund critical development irrespective of the market environment (treasuries are mostly composed of a protocol’s native token and, therefore, they are not very well diversified).
Borrowing: Set up a borrowing strategy (fixed rate secured loans, bond issuance, protocol-to-protocol lines of credit, etc.) in order to fund development and operations, fund protocol acquisitions, or fund yield farming with debt rather than tokens.
Reporting: Produce financial statements & disclosures (income statement, balance sheet, key revenue drivers, operating expenses, and salaries). If users need to spend several hours digging through Etherscan, Discourse forums, and voting tools to get a summary of the treasury’s activities, there isn’t full transparency.
More complex behavior has moved to the digital world, but our tools to coordinate in a digitally-native way haven't evolved at the same pace. DAOs are the defining coordination mechanism of humanity. They champion values of decentralization, programmability, and community ownership. Llama aims to be at the forefront of this innovation by building infrastructure that helps DAOs flourish.