TL:DR After reading the proposal 1IP-10 we believe that it could well go hand in hand with our 1IP-08 and complement one another so that you can obtain a “Self-earning DAO Engine” with the most flexible and agile operational infrastructure.
We had previously assumed that asset management service would be a valuable addition in the absence of a dedicated treasury committee but we are happy to support by being a part of the Triad ourselves or just volunteering our support.
The asset management layer Avantgarde proposed (and associated fees) is not necessary if 1inch DAO has the capacity to manage its own treasury. The High Command, Berserkers and Watchtowers (the Triad) can use the Enzyme DeFi infrastructure in an autonomous way too and derive certain benefits from doing so. To list a few:
The strategies described in 1IP-10 would be operationally complex to implement. Owning an Enzyme vault via Gnosis and executing on decisions via permissioned delegation (which can be one or more members of the Triad) looks like a simpler way to implement your proposal.
Delegating trading to a member of the Triad can come with permissions and controls that the Gnosis Safe (owner of vault) can switch on and off. For example, one can specify that Bob has control to manage 100 ETH with a subset of protocols available on Enzyme. Bob is not allowed to trade any other assets or with any protocols other than those specified.
Another example could be Sam can trade or interact with any asset/DeFi protocols she wants but if she loses 5% in trading slippage on any 7 day rolling period, her trading permissions are revoked.
These permissions and controls are easily configurable and customisable.
The reporting seems like it will be time-consuming and hard to keep track of via Debank or Google Sheets. Enzyme provides 24/7 real time NAV which aggregates all positions into a single dashboard. It also connects with 7 subgraphs to provide accurate and traceable historical on-chain data. This enables you to capture your DeFi performance history in an easily auditable manner and report it transparently among Triad members and the wider 1inch community.
Looking at the specific DAO strategy / protocol choice, you lean towards “Medium APY Projects”. This is already plug & play with Enzyme via the protocol’s connectivity to Curve, Convex, Maple, Idle, Yearn and more.
All in all we believe that we could be of added value to your proposal and would love to help. We’re also happy to answer any questions you might have regarding Enzyme and its features or to share a demo on a community call or otherwise if you might find it helpful.