Yam Treasury Quarterly Report — Q2 2021
We’re happy to share our quarterly update for the Yam Treasury where we review our Yam DAO income, expenses, assets, and team contributor changes.
Treasury
Preface: Cryptocurrency is very volatile, all numbers reported here in this report is a snapshot of value on 7/10/2021. All assets will move up and down in value, most expenses are determined in US Dollar equivalent at the time of payment. For example if a payment of $1000 USD is payed in $YAM and at that time $YAM is valued at $1, the payment will be 1000 $YAM.
Total Income $508,885.99
Operational Income
In Q2 2021 Yam.Finance generated operational income of $60,035 from Degenerative.Finance (now synths.yam.finance).
Investment Income
The Yam Treasury is used to invest in different value add products that assist Yam in growing its ecosystem.
- UMA was earned by using the treasury to provide liquidity using ETH and yUSD to synethics uGAS and uSTONKS.
- SUSHI was earned by using Yam farming pool’s YAM/ETH pair to farm on sushi’s rewards pool.
- INDEX was earned by pairing DPI and ETH in the treasury to farm Indexcoop’s rewards pool.
A total of $448,851 (as of date 7/10/2021) was earned in investment income in Q2 2021.
Total Expenses $327,023
Delta of Income vs Expenses +$181,862
Expenses (yUSD)
Total contributor expenses paid from the treasury was $171,467 in yUSD. Contributor expenses paid from the treasury are reserved for full-time contributors. Other contributor expenses come from the $YAM contributor vesting pool.
Expenses (YAM)
Total expenses paid form the contributor vesting pool was $137,414 in $YAM valued at $0.79 /$YAM as of 7/10/2021. $YAM was paid out of contributor vesting pool thru Q2 at different values but this report was prepared with a snapshot of value as of 7/10/2021.
Total general expenses paid from multi-sig general expense fund was $18,141 in $YAM valued at $0.79 /$YAM.
Treasury
Total Non-YAM Asset Value $6,009,989
Non-Yam Assets are primarily used for investment purposes to support the Yam ecosystem and projects.
Total YAM Asset Value $1,174,930
Yam Assets are primarily used for contributor compensation and general expenses.
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