# Truefi Next Steps Topic **URL:** https://forum.truefi.io/t/truefi-next-steps-topic/1720 **Category:** General **Created:** [June 25, 2024, 9:39am UTC](https://forum.truefi.io/t/truefi-next-steps-topic/1720 "2024-06-25T09:39:31Z") **Posts on this page:** 1 **Showing post:** 12
### Author: ![ryan.rodenbaugh](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.truefi.io/ryan.rodenbaugh/32/38_2.png) [@ryan.rodenbaugh](https://forum.truefi.io/u/ryan.rodenbaugh) #### Post date: [June 27, 2024, 8:05am UTC](https://forum.truefi.io/t/truefi-next-steps-topic/1720/12 "2024-06-27T08:05:01Z")
> [@TheSkyHopper](#): > > On many of these points, I agree, and the DAO Treasury needs a more balanced approach at holding assets at this point: It’s well within your power to make a proposal. > [@Diversify Truefi Treasury For Expenses and for holding some ETH](https://forum.truefi.io/t/diversify-truefi-treasury-for-expenses-and-for-holding-some-eth/1705): > > Hi All!!! I would like to open the topic to take the opportunity to diversify the treasury, mostly to meet future expected expenses including: Director Fees to be settled for the entirety of 2024 Legal and other fees that may come up over the rest of 2024 and beyond And also to diversify some treasury assets across major coins such as WETH (or staked ETH onwards). As a proposal, my request is the following to approve on Tally on-chain: Convert Tru tokens (as needed) to 100,000 DAI Stablec… However, the proposal you made in the past had zero clear details (who will do the swap? what venue will it happen on), zero onchain actions proposed, and barely met the bar that people could even have a conversation around it. This proposal was realistically too small in scope and wouldn’t cover nearly any major expenses of the DAO. > [@TheSkyHopper](#): > > As the treasury’s assets are a vast majority in TRU tokens - naturally the paying currency for providers - creates this downward circular problem or convexity what specifically are you talking about? > [@\[Proposal\] Launch Asset Vault and Implement Option Trading Strategy for TRU Tokens](https://forum.truefi.io/t/proposal-launch-asset-vault-and-implement-option-trading-strategy-for-tru-tokens/1546): > > Introduction Rising crypto prices, including TRU, have increased demand and pricing for crypto options. This presents an opportunity for the Truefi DAO to generate revenue by selling call options on a portion of its treasury TRU tokens to Bastion Trading. Selling call options would: Generate option premium revenue if options are not exercised. Generate stablecoin proceeds from selling TRU at higher strike prices if options are exercised. Bastion Trading Background Bastion Trading has been… The team at Bastion (where you’re a co-founder) made a great proposal in the past, but last I checked, due to the Foundation (where you’re a director), they had not been able to get onboarded and move ahead. This is a proposal that would have been great to move ahead with. Myso recently made a competitive proposal, which I asked you to provide feedback on and you did not. > [@\[TFIP-14\] Providing Onchain Liquidity](https://forum.truefi.io/t/tfip-14-providing-onchain-liquidity/1653): > > Abstract Deploy protocol-owned liquidity to improve TRU’s onchain liquidity via establishing Liquidity Multisig owned by the DAO. This proposal when executed: Sends 50M TRU to the Liquidity Multisig Binds signers to deploy TRU into AMM Motivation TRU liquidity on DEXs today is worse than its peers. Providing significant liquidity onchain increases credibility of the project and removes friction for onchain traders and users. Details The assets on this multisig belong solely to the DAO. T… You and at least one other foundation director are also a part of the proposed liquidity multisig. I was not a part of this, but did join the group recently just to check in on the status and even after a specific ask, there is no action to move ahead from outside of Wallfacer. So, while I’ve seen you repeatedly emphasize the importance of diversification (agree), you’ve taken no actual action. --- _[View the full topic](https://forum.truefi.io/t/truefi-next-steps-topic/1720)._