DAOs Have a Treasury Management Problem
Buy the rumor, sell the news
Everyone says DAOs are the next hot thing. But a lot of them do a poor job managing their treasury. Their treasuries are stuffed full of volatile Layer 1 cryptocurrencies and/or protocol tokens.
There’s a very simple solution here for any DAO, and that is to swap volatile Layer 1 cryptocurrencies and/or protocol tokens for stablecoins. Of course, no…