The latest version of this report can be found here in HTML and here in PDF.
The accompanying spreadsheet labelling the expenditures can be found here. A spreadsheet outlining all asset transactions can be found here.
The Community Rewards Vault (CRV) was created on May 22nd, 2023. This transparency report covers 223 days, from May 22nd to December 31st, 2023.
The purpose of the CRV is to drive COOP adoption and growth. In 2023, the CRV treasury was controlled by a multisig address with 2/3 signers; D13.algo, Fisherman.algo & ReCoop.algo.
The CRV is an informal DAO, where donors have voting power proportional to their donations’ USD values. All actions undertaken by the CRV were voted on by its members.
The CRV had 130 individual donors and received 257 donations from those community members.
The donations amounted to:
The coop.algo NFD was kindly donated by Algorand community champion MJ.algo. A portion of the CRV revenue comes from segment sales.
During the reporting period, 13 coop.algo segments were sold, for which the CRV received 644.97 ALGO.
The CRV participated in Algorand Governance period #8 with 3,400 ALGO and received 155.99 ALGO governance rewards plus 368.83 ALGO from Defi Rewards (ALGO/COOP farms provided by the Algorand Foundation.)
Participation was through Folks Finance. The resulting gALGO was paired with COOP and provided as gALGO/COOP liquidity on Tinyman for the duration of the period.
The CRV also participated into consensus via Folks Finance and received 787 ALGO for that service.
The CRV participated in Algorand Governance period #9 with 4,200 ALGO through Folks Finance. The resulting gALGO was paired with COOP into a liquidity pool on Tinyman.
The CRV also participated in consensus via Folks Finance. Period 9 rewards were not paid out during the reporting period.
More detailed information can be found in the spreadsheets provided in Appendix A.
The core mission of the CRV is to fuel growth in the COOP ecosystem and community. The activity funded by the CRV falls into three major categories:
The CRV allocated 56,000.00 COOP on DeFi rewards to boost COOP liquidity.
The COOP/ALGO pools on Tinyman and Pact were selected to be subsidized:
For period 9, 48,060 COOP was provided to the community via 3 Tinyman farms:
The CRV made eleven liquidity pool deals, totalling $14,085. The amount of COOP spent on these deals was 281,431.46. Most of these funds reside in the CRV in the form of LP tokens, with the exception of exchanged tokens.
The LP deals fall into two categories:
The following LP deals were made in 2023. Note that some entries correspond to multiple deals.
| Type | Counterparty | Amount |
|---|---|---|
| Mutual exchange | $GORA | 85,605.17 COOP |
| Mutual exchange | $AKTA | 58,907.46 COOP |
| Mutual exchange | $COSG | 51,759.46 COOP |
| Donation match | $TRTS | 34,514.65 COOP |
| Mutual exchange | $TLP | 16,158.19 COOP |
| Donation match | $BUTTS | 10,718.69 COOP |
| Mutual exchange | $RDINI | 10,017.12 COOP |
| Donation match | $SKYE | 7,671.06 COOP |
| Donation match | $APRN | 6,079.67 COOP |
Total value: 281,431.46 COOP
More detailed information can be found in the spreadsheets provided in Appendix A.
CRV spent 22,850 COOP and 46.05 ALGO in other events, promotions, swaps and collaborations:
The 2023 end of year holdings of the CRV amount to:
NFDs:
The accompanying spreadsheet grouping and labelling the expenditures can be found here.
A spreadsheet outlining all asset transactions in raw form can be found here.