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#27 - Treasury report April 2023
Breakdown of the current Merit Circle DAO treasury including any outstanding investments
With the coming of a new month, we are glad to share the latest treasury report. In this report, we provide an exact overview of the DAO’s current financial status. We share a breakdown of the current Merit Circle DAO treasury including any outstanding investments, buybacks and other financial activities.
This treasury report is based on the status of the treasury on the 31st of March 2023.
In the past month the treasury increased from $96,513,151 in February to $97,031,641 at the end of March, a 0.5% increase from the previous month.
Live treasury dashboard v3
It’s with great excitement that we are able to present the latest treasury dashboard. This new iteration presents itself in a brand new design, looking fresh and more in sync with the others online environments of the Merit Circle DAO. Additionally, we’ve added a comparison chart between the DAO’s performance and the CCI 30 Index.
The dashboard has now been updated with the most recent data.
Visit the dashboard here - treasury.meritcircle.io
This dashboard has been developed by DAO contributor CryptoCarl.
The Merit Circle DAO’s treasury balance as of the 31st of March 2023 is $97,031,641.
When calculating our treasury’s balance, we only include non-native assets. This means we do not count the balance of MC tokens towards the total balance of our treasury since it might paint a diluted picture of the reality.
Since MC tokens will not be utilized for investment purposes, they will not be included in our balance sheet. Those interested can view the current balance in the mainDAO’s wallet to be viewed in the wallet overview beneath. In that sense, we have not included negligible balances marked as working capital instead of additional treasury funds.
We will break down the treasury in four categories; cash, staking, NFTs and tokens & equity.
Tokens & equity
To operate completely transparent, we would like to provide a full list of wallet addresses the DAO currently utilizes.
Binance smart chain
With ups and downs the treasury remains solid as a rock. Throughout a wide range of unforeseen events we’ve managed to keep our heads high and continue to find the best possibles deals out there. Eager to unveil what’s been cooking behind the scenes, we remain wary of protecting where we are right now.
To constantly improve our treasury, we will be releasing a reflection on the USDC depeg scenario that went down briefly, and suggest ways to move forward.
All of the balances and prices are based on calculations made on the 31st of March 2023.
All of the investments made after the 31st of March 2023 are not included in the treasury report unless specifically mentioned.