Yam.Finance DAO Community

Proposal: Investment of YAM DAO Treasury in WAGMi Fund II Managed by WAGMi Venture Capital Management Limited

Executive Summary

We propose investing the YAM DAO Treasury in WAGMi Fund II, under the guidance of Eason Gao and WAGMi Venture Capital Management Limited. This initiative aims to leverage their extensive experience in the web3 sector to foster strategic growth and diversification of YAM DAO's treasury.

Why YAM DAO?

As a long time supporter of YAM DAO, it is time to utilize its treasury to generate more value for the YAM token holders. The investment period is for 2 years which I believe will coincide with the current bull market. I have confidence in Eason Gao and WAGMi Venture Capital Management Limited and will be voting with my YAM tokens and will be holding my tokens until distribution from the fund. YAM DAO has completed a token holder treasury redemption from the treasury before and I would vote for another one after distribution.

Link to additional information from WAGMi Ventures:

https://www.wagmiventures.co/#fund

Deposit addresses for WAGMi Ventures (Cross referenced in the link above)

ETH and USDC: 0xec0b0e2dc25e50d8b6706eb39d6c4a202dac8f5f

 

Why Eason Gao and WAGMi Ventures?

1. Expertise and Leadership: Eason Gao's blend of academic and professional experience positions him as a leader with profound insights in blockchain technology.
2. Global Market Insight: WAGMi Venture Capital Management Limited brings a wealth of international experience, offering a broad perspective essential for navigating the global web3 landscape.

WAGMi Fund I: A Proven Track Record

• Technical Expertise: Fund I's team, with their deep understanding of blockchain and Web3, hails from leading tech companies and top-tier universities.
• Value-Added Investing: Fund I's strategy included providing portfolio companies with critical resources, including VC introductions, exchange liaisons, and media connections.
• Global Network: Utilizing a comprehensive international network to secure investment success.
• Diverse Team Experience: The team's varied backgrounds from prestigious firms enrich their strategic approach.
• Historical Investment Performance: The fund has invested in twenty portfolio companies across various industries within web3.0, including infrastructure and decentralized finance, achieving 44% annualized return in Fund I.

WAGMi Ventures Fund II

• Fund Terms: WAGMi Ventures Fund II targets a fund size of $3-5 million, with a minimum subscription of $200,000 and a management fee of 2% of AUM during the investment period.
• Investment Strategy and Focus: The fund adopts a mid-to-long term investment strategy, focusing on structural value investment and value creation. It emphasizes identifying niche sectors with high growth potential and providing in-depth, value-added services.
• Risk Control: The fund employs a comprehensive risk management strategy, including a disciplined investment process and diversified investments across industry sectors and geographic locations.
• Regular Updates: Commitment to transparent communication with Quarterly updates and detailed annual performance reports.

Terms of Investment

Fund Structure

Fund:

WAGMI Ventures Blockchain Fund II

Limited Partner:

WAGMI Ventures Limited

The Manager/ General Manager:

WAGMI Venture Capital Management Limited

Fund Terms

Fund Size:

$3-5 million

Minimum Subscription:

$200,000.00

Management Fee:

2% of AUM during Investment Period

Investment Period:

2 Years

Profit Distribution:

GP:0.00% YOY Returns <5%

GP:20.00% YOY Returns 5%-40%

GP:30.00% YOY Returns > 40%

Operation Mode of the Fund:

Close-End

Custodian of the Fund:

HTX Institutional Account

Legal Counsel:

Chuangtian Partners