Hi @Llamaxyz - thanks for the detailed report. After digging through the last few, I had some questions about protocol finances that I’d love more color on / to be included in future reports:
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April revenues on Arbitrum v3 ballooned from low 5-figures to over $3m, which skews YTD metrics. Is this delta entirely made up from the $ARB air drop? Have any reports provided more information on this or details on how it will be used vs. the rest of the treasury? (Similar question for January on Ethereum v2)
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Subtracted the above two anomalies, the DAO is operating at a P&L loss of >$6m YTD or ~$13m annualized loss. This provides <3 years of runway (excluding $AAVE tokens). Do you have a more accurate projection of this runway estimate? Have their been treasury or financial planning decisions discussed/proposed to work to extend this runway?
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3rd party expenses seems quite volatile, as well. Are there back up analyses to help the community understand how this was $7m in January, <$400k in two separate months, and $2m+ in others?
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“Expenses do not include LM rewards on other chains…” (pg 25), I understand the reasoning behind this for near term financial reporting and agree with the exclusion from the analysis, but knowing these numbers will be critical to long-term planning so that we can understand the impact of partner chains potentially pulling incentives and their impact of Aave revenues.
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Your initial proposal included a “Runway Analysis” and “Financial Data Analytics”, has this been completed or is there a ETD for this?
As a general statement, I think all delegates would appreciate commentary alongside the data to better understand the trends and month to month changes in protocol finances.
Appreciate the work put into this and look forward to iterating on protocol reporting to support long-term decision making.