Yam Welcomes sushiHOUSE To The Neighborhood
New Construction: sushiHOUSE. An innovative solution for sheltering and protecting SushiSwap’s most valuable asset — its treasury.
SushiSwap Breaks New Ground With sushiHOUSE!
SushiSwap’s community has approved a proposal to build sushiHOUSE, a fully-customized treasury management solution built by the Yam Finance team. SushiSwap continues its role as a groundbreaker in DeFi by electing to diversify its treasury using the First Treasury Management Solution Designed Just for DAOs — by DAO House, a division of Yam.
Freeing Up SushiSwap’s Most Valuable Resources
DAO House by Yam is the first Treasury Management Solution designed just for DAOs. It enables SushiSwap to focus 100% of their valuable human resources on the primary goal of building great DeFi products.
“With sushiHouse we have a perfect solution for the community. Outsourcing to a service saves us a big headache and allows us to focus on the protocol.” — 0xMaki
Quick Tour of sushiHOUSE
DAO Control + Active Portfolio Management = sushiHOUSE
sushiHOUSE is a customized, on-chain, treasury solution featuring an active portfolio manager who’s able to respond to changing market conditions quickly — all within guardrails and smart contract restrictions — and all under full control of the SushiSwap DAO.
Three Key Elements, One Elegant sushiHOUSE Solution
sushiHOUSE combines three key elements into a single solution:
- Decentralized on-chain governance that remains in compliance and always in full control
- Professional investment strategies executed by an active portfolio manager
- Built on TokenSets best-of-breed smart contract trading infrastructure
Building A Fortress for Bear Market Conditions
The investment objective of sushiHOUSE is to protect against an extended bear market by diversifying a portion of SushiSwap’s $SUSHI token dominated treasury ($1 Billion in USD value) into lower volatility assets such as stablecoins, BTC, ETH and hedges to protect SushiSwap’s Ecosystem. This process allows for a more dynamic allocation of assets with better risk handling and analysis, without loss of decentralization.
The Benefit of Having Good Neighbors
sushiHOUSE is the 2nd House on the block, joining yamHOUSE in what is sure to be a growing and vibrant neighborhood of DAO Treasury Funds. Yam sees a not too distant future when there will be multiple DAO Houses in the neighborhood each supporting the other. The DAO Token Swap module is one such method whereby two or more DAOs divest and diversify their respective treasuries via token swaps — without affecting price.
SushiSwap Sharpens Its Mission Critical Edge
Treasury management is mission critical for DAOs, yet the complexities are numerous, making it difficult to navigate the sea of choices. SushiSwap’s community, by voting consensus chose to build sushiHOUSE and outsource its treasury management in order to secure existing assets, guard against market risks, and assure the treasury is able to fund protocol development far into the future.
How A Community of Architects Shaped sushiHOUSE
Decentralized autonomous organizations continue to expand human coordination efforts in new and interesting ways. Now we see the DAO as the architect, where the SushiSwap community draws up the blueprint for sushiHOUSE through SushiSwap’s governance process*.
Meet @Krugman — The Active Portfolio Manager for sushiHOUSE
Krugman is a top ranked TokenSets trader, a full stack developer, and a long-time DeFi community member. As the active portfolio manager for sushiHOUSE, Krugman can respond to market conditions via the sushiHOUSE Secure Trader UI.
Portfolio Manager Roles and Restrictions
Advantages of Speed, Timing and Good Judgement
Major advantages are gained with an active portfolio manager who can respond to market conditions and keep the SushiSwap portfolio balanced while remaining in compliance with SushiSwap’s approved investment strategy. Speed and timing are the key advantages over slower, governance heavy processes — yet everything the portfolio manager does is fully governed by the DAO.
SushiSwap’s Community Can Monitor Investments in Real-Time
The TokenSets/sushiHOUSE public dashboard on the TokenSets website will be available to the public to view sushiHOUSE asset performance, smart contracts, and on-chain transactions — thus ensuring full transparency to all stakeholders. This provides a seamless interface for SushiSwap DAO community members to monitor all investment activity in real-time.
sushiHOUSE is Powered By TokenSets Proven Infrastructure
How it all breaks down:
Yam Finance: Yam DAO created itsDAO House division to provide treasury management services to other DAOs
DAO House by Yam: Operating division that created sushiHOUSE, yamHOUSE, and future DAO Houses for other protocols
Set Protocol: Battle-tested asset management tools and infrastructure used for all ‘Houses’ built by DAO House by Yam
TokenSets: Set Protocols’ (Set of tokens) contained in the Sushi DAO House portfolio
Sushi DAO House: Name of the Sushi DAO House Portfolio set (on TokenSets)
sushiHOUSE: Token representing assets in the Sushi DAO House Portfolio set
Construction Blueprint For Completing sushiHOUSE
Next Steps In The sushiHOUSE Buildout
DAO House Manages The Entire Setup Process End-To-End
DAO House by Yam works hand-in-hand with SushiSwap’s core team and community with consultation and guidance through every step of the process.
DAO House employs a process called, Treasury Management as a Service (TMaaS) — a full service offering including: consultation and setup, investment strategy development, technical implementation, deployment of the fully customized DAO House treasury management product, and ongoing support.
Yam is also exploring additional capabilities that may be available in the future. They range from diversifying a DAOs treasury into multiple assets (crypto and traditional), to farming and hedging capabilities using on-chain options, to token swaps with other protocols within the DAO House matrix.
The SushiSwap DAO’s unique needs and goals will be built into sushiHOUSE and will be going live soon.
See you on the block SushiSwap.
