In crypto, the spotlight is often on the engineering or business development teams. But as the events of 2022 have shown, neglecting an organization's financial plumbing has led to the spectacular implosion of key industry players.
Poor crypto treasury management practices, and improper tooling can have catastrophic consequences. From using Slack emojis to approve corporate expenses, not keeping a registry of employees on payroll, or having zero hedge against token prices going south because we are in a “supercycle”.
Money is to organizations, what blood is to our bodies. Whether your organization is a DAO, Foundation, or dApp builder, good crypto treasury management is critical to staying alive and healthy. Just ask exchanges like FTX, CeDeFi lending platforms like Celsius, as well as the thousands of teams and investors that relied on them to manage their crypto treasuries!
There is an extensive body of literature on treasury management in traditional finance (TradFi). But many of those concepts don’t translate directly into decentralized finance (DeFi). There are also a number of blog articles, and commentaries on crypto treasury management spread across the internet. But there isn’t a single place that condenses all that knowledge into a simple, practical guide.
We’ve done all that heavy lifting for you.