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Llama

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Treasury Management
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Helps DAOs manage their treasuries

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Founder(s):  
Shreyas
This post was written by 
Pheor
and edited by 
Justine Humenansky
 & 

Overview

What is it?

Llama provides treasury management as-a-service for DAOs.

What problem does it solve?

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.

How does it work?

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.

How do I use it?

DAO Masters Insights

Why it's cool:

Asset allocation is probably the most pressing challenge for any mature DAO. A thoroughly thought-out and well-managed asset allocation strategy can create a competitive advantage, especially in a bear market. 

Llama was awarded grants from both Uniswap and MetaCartel. They’ve worked with the top DeFi protocols and DAOs (Aave, Uniswap, radicle, Gitcoin, Friends With Benefits, etc.)

Challenges:

The main challenge for Llama is to succeed in catering to smaller DAOs with a few self-service tools/products. As it is today, Llama is indeed a better fit for larger protocol DAOs.

Words of advice:

Llama is not yet a self-service product and so we have limited additional information to share at this time.

Expected future updates:

Getting Started

Send them a DM on Twitter if you want to use their services!

Take a look at Llama’s initial treasury strategy for the Aave treasury to get an idea of what Llama can do for your treasury management.

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