The current round of geysers is ending, let’s look toward the next.

Bill Broker

We should first recognizing how well the Bill Broker is serving its LPs. It’s currently showing a 75% unincentivized APY, followed by a 13.5% APY from geyser incentives. This organic APY is especially impressive given that it’s on a stable pairing that is already greatly shielded from IL.

While we can’t necessarily expect this APY to stay this high forever, since we’ve been able to extract this data it has stayed over 40%. Comparable projects have grown much larger with much smaller yields.

In order to have an impact on future LPs, the DAO would have to compete with an already very high organic APY. As such, I believe the SPOT/USDC pairing on the Bill Broker does not require any more incentives from the DAO, and the reward assets would be more productively used toward other uses.

stAMPL

There have been many requests from the community for single sided staking options in the geyser. Depositors in the stAMPL vault take on the highest volatility, and as such I believe now would be the right time to launch a geyser for this platform for this critical group of users.

Treasury Spotlight

Below is a snapshot of DAO controlled assets, as of December 11th, 2024. Please note that all data below is summarized in a best effort form, from publicly available sources onchain.

DAO Assets	Balance	Value
AMPL	18,894,929.60	$24,941,307.07
WAMPL	7,496.17	$203,671.04
FORTH	2,575,904.35	$13,703,811.16
SPOT	8,013.81	$11,299.47
USDC	5,338.79	$5,338.79
ETH	4.19	$16,082.52
WETH	1.75	$6,743.94
GRT	47,500.10	$13,436.26
Total		$38,901,690.25

Liquidity Positions	Balance	Value
ETH/AMPL UniV2	0.07746149151	$2,186,741.91
SPOT/AMPL Poolside	0.0000280312168	$298,331.14
Bill Broker (SPOT/USDC)	433,597,593,092.88	$574,176.77
stAMPL	144.5633359	$1,182,060.213
WETH/WAMPL UniV3 (Charm)	45,052.93	$2,204,081.324
FORTH/WETH UniV3 (Charm)	100,000.00	$724,040
Total		$7,169,431.35

Inflows From Managed Vaults

Asset	Amount	Value
WETH	1.751617211501443382	$6,743.94
WAMPL	296.871042247507812327	$8,065.99
USDC	3,006.82	$3,006.82
SPOT	4,685.11722351	$6,606.015
Total		$24,422.765

Proposed Configuration

Note the proposed period of 6 months is longer than the previous 4 month rounds

Geyser	Platform	Pair	Chain	Period	FORTH Amount
Crystal	Charm Uniswap v3	WETH/WAMPL	Ethereum	6 months	37,500 FORTH
Riverside	Rotation Vault	stAMPL	Ethereum	6 months	37,500 FORTH
Total					75,000 FORTH