**Listen (4:53:59 - 5:10:41)**

Speaker

David Steen

Discord: OBStacker#0681

Company: Orchid.Black

Highlights

• Most DAOs hold only their native tokens
• Lack of Treasury diversification poses big risks
• Diversification Challenges:
  • Liquidity
  • Governance / Community
  • Tools / Infrastructure
  • Legal / Regulatory
  • Best Practices
• You want a portfolio of uncorrelated assets
• Diversify in crypto and outside of crypto
  • Crypto options
    • Fungible tokens
    • NFTs
    • Stablecoins
    • DeFi
  • Non-crypto options
    • Real estate
    • Stocks
    • Commodities
    • Fiat
  • Overlap of crypto and non-crypto
    • Tokenized Assets & Derivatives
• “DAO-Friendly” Investment Vehicles
  • Token-Based Derivatives
  • Tokenized Assets
  • Legal & Best-Practices for Non-Token Investments
• Multi-Asset Tooling & Infrastructure
  • Portfolio Construction
  • Holistic Risk Management
  • Governance & Reporting
• Community Education & Buy-In
  • Importance of Diversification
  • Communicating Risks
  • Native Token Liquidation Options