Eliminates distraction and resource drain from active Treasury management. | - No returns to fund Mango projects/grow Treasury. |
| Perp Market Maker Bot (quote wide spreads (~10%) to offer backstop liquidity to market) | 0-7.5% | Program needs to be developed | 1-2 months | - 5-15% (??) returns
Low risk of principal loss (5%) | - Improves user experience.
Should be profitable given large spreads. | - Needs to be developed.
Exposed to risk if implementation has issues.
Mango smart contract risk. |
| Undercollateralized Market Maker Loans on Chain (partially on Mango, some portion for general use) | 0-25% | - Program needs to be developed
MM agreements structured | 1-2 months | - 5-10%
Low risk of principal loss (5%) | - Major boost to Mango perp liquidity.
Higher returns than on-chain stable lending. | - Agreements need to be carefully structured to avoid risk of principal loss. |
| Off-Chain Market Maker Loans | 0-30% | - May not be possible.
Legal feasibility and structure needs to be resolved.
| 1-2 months | - 5-15%
Very low risk of principal loss (1%) | - Risks are low and not correlated with Mango’s risks.
High USDC returns. | - Off chain structure requires legal work and some centralized components. |
| On-chain USDC Lending (Solend, Jet, etc.) | 10-30% (direct + agg.) | Develop program for DAO to allocate into each protocol (relatively easy) | <4 weeks | - 2-7% depending on market environment (currently 3-4%)
Extremely low risk of principal loss (<1%) | - Immediate liquidity.
No price volatility. | - Smart contract risk.
Low returns. |
| On-chain USDC Lending Aggregators (Goblin Gold, Castle Finance, Everlend) | 10-30% (direct + agg.) | Only one program (GoblinGold) is on mainnet, others may be 1-2 months out. | 1-3 months | - 2-7% depending on market environment (currently 3-4%)
Extremely low risk of principal loss (<1%) | - Optimized yield generation.
Immediate liquidity.
No price volatility.
May be able to negotiate token grant for support. | - Smart contract risk with extra aggregator layer. |
| Solana tokens | 0-15% | n/a | n/a | - High returns over long term🙏
Price volatility and mark losses likely. Only for long term holding (>3 years) | - Upside potential vs. USDC | - Volatility
Potential distraction |
| Bitcoin tokens | 0-15% | Wrapped BTC easy, native BTC would require new infrastructure | Immediate for wrapped BTC | - High returns over long term🙏
Price volatility and mark losses likely. Only for long term holding (>3 years) | - Upside potential vs. USDC | - Volatility