ParaSwap DAO

Abstract:

This proposal seeks to address the lack of visibility and complex tracking surrounding the Velora DAO treasury by engaging Octav at a cost of $8k per year (which covers 12 multisigs in total, including fee claimers, and 12 monthly reports) to bring a clear dashboard overview and financial reporting to the DAO treasury. We believe this is the most cost-effective way to establish a clear picture of the Velora treasury and provide the DAO with clear, actionable insights to align finances with strategic growth.

Goals & Review:

Effective treasury management requires structured reporting and transparency to ensure informed decision-making, accountability and community engagement. Right now, the Velora treasury lacks a clear overview and consolidated financial reporting, which complicates tracking treasury holdings, positions, and so on, with limited visibility for stakeholders.

Having a full picture view of the treasury is a necessary step for the DAO to ensure alignment with strategic growth and that capital is spent sustainably. Hence, we propose to address the above by engaging Octav, who specializes in on-chain financial data aggregation and cost-effective reporting solutions, which makes it a suitable partner for the DAO.

If approved, expected benefits for Velora DAO Members & Community include:

• Enhanced visibility into treasury activities.
• Structured financial insights for informed decision-making.
• Access to detailed reports to assess treasury performance.
• Simplified tracking of treasury-related decisions.
• Increased accountability and governance transparency.
• Improved trust in DAO governance.

Scope of Work for Velora DAO Integration

Below is an outline of the scope of work required for integrating Velora DAO’s treasury into Octav’s reporting infrastructure. The integration will focus on structured financial reporting, wallet tracking, and transaction reconciliation.

Scope of Services

Included in Scope

Treasury Holdings Breakdown:

• Integration of Velora DAO multisigs and fee claimers into the Octav reporting platform.
• Categorization of assets based on their allocations across different networks and protocols.

Transaction Reconciliation:

• Labeling and categorization of treasury transactions for clarity.
• Standardized data reporting for governance and financial tracking.

Reporting & Compliance:

• Monthly reports delivered in PDF and CSV formats.
• Access to Octav’s dashboard for real-time treasury monitoring.

Excluded from Scope

• Custom integrations for non-standard treasury tracking tools.
• On-demand reporting beyond the agreed-upon monthly schedule.
• Detailed protocol-specific tracking beyond labeled treasury transactions.

Infrastructure & Maintenance

Data Reliability & Redundancy

• Continuous data synchronization with Velora DAO wallets to ensure up-to-date reporting.
• Failover solutions to maintain uninterrupted data availability.

Ongoing Maintenance & Support

• Monthly collaboration with Velora DAO to incorporate feedback and improve reports.
• Infrastructure scaling based on DAO’s financial activities and reporting needs.

Implementation Overview:

Octav offers a comprehensive approach to solving Velora DAO’s transparency challenges by providing structured treasury reconciliation and financial reporting services.

1. Monthly Treasury Transparency Reports

Octav will deliver 12 monthly treasury reconciliation reports for Velora DAO, offering a comprehensive breakdown of:

• Key Metrics Report – Total funds, wallet positions, protocol positions, total funds by category, and total funds by network.

• Wallet Positions Report – Detailed analysis of tokens held in treasury wallets, including balance, value, percentage allocation, and network distribution.

• Protocol Positions Report – Breakdown of protocol deposits, including staked amount, yield, protocol, balance, and value.

• PDF and CSV Reports – Treasury data will be available in both PDF and CSV formats, ensuring compatibility with other treasury tracking software and compliance tools.

2. Treasury Dashboard & Transaction History

Octav will provide a live treasury dashboard that allows Velora DAO members to:

• Monitor treasury holdings in real-time.
• Label and reconcile transactions to enhance community transparency.
• Track all DAO treasury transactions with detailed categorization.

Time of Implementation:

Key Milestones:

Phase 1: Integration of Velora DAO multisig wallets and fee claimers.

Phase 2: Generation of the first monthly treasury report.

Phase 3: Continuous optimization based on feedback from Avantgarde and the DAO.

Phase 4: Annual review and renewal discussions.

Estimated Completion Timeline:

The first report is scheduled for November 1, 2025.

The service duration is 1 year, with an option for renewal.

Budget:

Annual Treasury Reporting Subscription: $8k USD (1-year subscription, covering 12 multisigs in total, including fee claimers, and 12 monthly reports), to be paid in USDC to an address specified by the Octav team upon approval.

Note that the basic Octav subscription starts at $5000/year including 5 wallets tracked, while additional wallets cost $500 per year unless a new bundle subscription is renegotiated. This proposal includes an additional 7 wallets on top of the basic subscription for the price of 6, and thus a $500 discount.

Risk Assessment:

Pros

Better Financial Overview & Transparency: Provides the community and stakeholders with a clear, real-time dashboard and monthly reports on treasury holdings and activities, increasing accountability and trust in DAO governance.

Informed Decision-Making: Delivers structured financial insights, enabling the DAO to make more strategic, data-driven decisions about capital allocation and sustainable growth.

Efficiency and Clarity: Simplifies the complexity of tracking treasury assets across multiple wallets and networks, consolidating information into clear real-time data and accessible PDF and CSV formats.

Cost-Effectiveness: Comparatively speaking, the solution can be considered cost-effective at $8,000/year for 12 multisigs, which includes a negotiated discount compared to standard pricing.

Cons & Potential Risks

Cost: The $8,000 annual fee is a direct expense from the DAO treasury that could otherwise be used for other initiatives. Additional wallet integrations ($500/wallet) and custom work will likewise come at increased cost.

Third-Party Dependency: The DAO becomes reliant on Octav for critical financial reporting. Any downtime, data inaccuracies, or service discontinuation from Octav would directly impact the DAO’s transparency efforts.

Renewal Risk: The subscription is for one year. Future renewals could come at a higher cost, or contract terms may change.

We invite Velora DAO members to share their thoughts.