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#28 - Treasury report May 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 30th of April 2023.
In the past month the treasury decreased from $97,031,641 in March to $96,392,032 at the end of April, a 0.6% decrease from the previous month. The DAO realized a profit of $115,000 in the month April.
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 30th of April 2023 is $96,392,032.
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
In light of providing more information regarding the management of our treasury, we’ve written an article about everything that occurred the past couple of months.
Ensuring the growth and health of our treasury is a fundamental day-to-day endeavor for the Merit Circle DAO. With all the unforeseen events taking place in the industry these past few months such as the collapse of industry giants and the depeg of USDC, we would like to shed some light on what this meant for our treasury, and how we intend to improve.
You can read the full article here.
All of the balances and prices are based on calculations made on the 30th of April 2023.
All of the investments made after the 30th of April 2023 are not included in the treasury report unless specifically mentioned.