Hi @John_TV_Locke,
The ShortExecutor will need to transfer assets from the Treasury to the StrategicAssetManager contract and this can only be performed via a governance vote. Therefore, the StrategicAssetManager contract can only host assets that the DAO approves and it acts to segregate strategic assets from non strategic assets. At launch the only strategic asset is veBAL. Perhaps sdCRV will be added in time.
The ShortExecutor can assign the AssetManager role to an address. The initial AssetManager is likely to be focused on GHO liquidity management. If Aave DAO was to passively hold assets like LSTs, then these assets are better held in the Treasury and not in the StrategicAssetManagement contract. If the DAO was to consider Protocol Owned Liquidity, this could be held in the StrategicAssetManagement contract or a separate contract. The Boost from the DAO’s veBAL holding can be delegated to another contract which means the DAO doesn’t need to hold BPTs in the StrategicAssetManagement.
Whilst we support assigning the AssetManager role to a multi-sig, we believe more discussion should be had around how the DAO should structure its funds.