[Non-Constitutional] Pilot Stage: Treasury Backed Vaults research and development

We’ve already put a lot of work into preparing this proposal and the feedback we’ve gotten from risk analysis is that it is much easier to begin a study on the risks if we have a given implementation and spec to go off of. It’s harder to judge the risk of a system without an actual spec of it to go off of. I think thats one of the reasons that the original DAO Owned Liquidations proposal has taken this long to move forward meaningfully.

We are that slow right now. Which is why actually using our treasury capital in DeFi safely is impossible. I see this grant as a giant step towards automating risk management on-chain and giving the DAO more tools to do so.