Summary:
This proposal aims to renew Octav’s tooling for treasury management, accounting, and transparency reporting.
Rationale:
A year ago we proposed to the Parallel DAO our reporting services for its treasury. The service enhanced stakeholder awareness and transparency over Parallel Protocol’s treasury and financials by providing deep real-time analytics of the DAO as well as monthly reports.
Octav is a web3 financial data tool that helps turn raw transactions into useful analytics. Octav proposes to provide monthly treasury reconciliation and reporting services for Parallel Protocol, offering detailed transparency reports that include key performance indicators (KPIs), wallet positions, and protocol deposits.
Octav will deliver 12 monthly treasury holdings breakdown reports for Parallel Protocol, each analyzing key metrics and fundamental treasury data. Octav will also take a daily snapshot of balances to chart the treasury value over time. The reports will cover:
-
Key Metrics Report: Total funds, wallet positions, protocol positions, total funds by category, and total funds by network.
-
Wallet Positions Report: Detailed breakdown of all tokens in treasury wallets, including balance, value, percentage, and network.
-
Protocol Positions Report: Detailed breakdown of protocol deposits, including staked amount, yield, protocol, balance, and value.
-
PDF and CSV: The treasury reports will be shared as both a PDF and CSV and can be imported to other dapps/treasury tracking software to enhance compliance.
-
Live Dashboard of Positions and Analytics: Octav will have an analytics dashboard users can view to see balances, positions, and change over time (balance tracking starting at time of prop passing).
The proposed reporting service is designed to provide maximum transparency and accountability for the Parallel Protocol treasury. This solution was chosen over others due to Octav’s existing integration with Parallel Protocol wallets and our commitment to delivering comprehensive, user-friendly reports that facilitate community engagement and trust.
Last Year Reports: https://docs.parallel.best/governance/dao-treasury/dao-treasury-reports
Management:
-
Transaction validation managed by Mimo Labs & Cooper Labs with help of Octav team
-
Octav will continue to collaborate with the Parallel Protocol contributors monthly to gather feedback and continuously improve the platform’s transparency features.
Pricing:
- The service is priced at $2,000 for a 1-year subscription (starting December 1st 2025), covering 4 treasury wallets, 12 monthly breakdown reports, and 365 daily balance snapshot reports. Payment will be made in USDC to an address specified by the Octav team following approval. Given current growth of the protocol, there will be the possibility to add 4 additional addresses for up to $2,000 (calculated at pro-rata of remaining subscription)
Addresses Included:
-
Parallel l Treasury l Ethereum: 0x25fc7ffa8f9da3582a36633d04804f0004706f9b
-
Parallel l Treasury l Polygon PoS: 0x2046c0416a558c40cb112e5ebb0ca764c3c5c32a
-
Parallel l Treasury l EVM: 0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95
-
Parallel l Treasury l HyperEVM: 0x5826be671E80d5546f04886e3Fe19d4750201A99
Note: Several addresses have been removed compared to last year as they are no more used by the DAO for its treasury.
Means:
-
Human Resources: Multisigners will need to sign and execute transactions to execute the proposal. Support to validate transactions and keep accurate records for reporting.
-
Treasury Resources: $2,000 in USDC on Ethereum for 12 month subscription.
Technical implementation:
-
On Ethereum:
- The DAO Multisig will transfer $2,000 worth of USDC to 0x7A48D2b75Ed2F637772aC927104548d02Bcf8DdB (Octav)
Voting options:
-
For the Renewal of Octav
-
Against / Rework the Proposal
-
Abstain
Author(s):
Octav Team
Community poll:
- For the Renewal of Octav
- Against / Rework the Proposal
- Abstain