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Episode 57 | Nik Pletikos from DeFiWaves on Web3 Treasury Management
Manage episode 400108227 series 3394208
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While there is a lot of guidance and literature on Treasury Management in traditional finance, in web3, a lot of those concepts don’t apply.
Managing treasury fiat currencies in traditional finance largely involves managing banking partners whereas with cryptocurrencies, that involves managing your wallet addresses in the event you’re using self-custodial wallets.
Many web3 firms do not have a dedicated Treasury Manager, and therefore it’s up to that person to figure out things like custody, using DeFi platforms, on and off ramps, tokenomics if applicable, or managing payroll and expenses using crypto.
To help us better understand web3 treasury management, I spoke with Nik Pletikos, the Founder of DeFiwaves, a consulting firm specializing in Tokenomics Design and Web3 Treasury Management.
Nik currently manages the treasury & tokenomics for multiple protocols and previously spent 4 years building the treasury department at Bitstamp, one of the longest-running crypto exchanges. Nik has been working with some of the leaders in the industry, such as Hacken, and Sweat Economy.
Topics covered;
- Episode intro (00:39)
- Nik’s background & story learning blockchain (3:02)
- Hedging against volatile crypto assets (4:28)
- Fiat v/s stablecoins management (10:29)
- Solutions like OpenEden, Ondo Finance, Maple Finance (13:59)
- Thank you to our sponsor Web3CFO Club (16:29)
- Managing counterparty risk with banks & exchanges (18:13)
- Investing in DeFi protocols (21:19)
- Investment policies for DeFi (24:09)
- Laddered investment strategy for DeFi (26:57)
- Thank you to our sponsor Convoy Finance (31:21)
- Native token management (33:37)
- Overview of DeFiWaves for tokenomics design (38:37)
- Hiring a web3 CFO to manage treasury (40:52)
- Reach out to Nik (47:09)
Follow The Accountant Quits:
LinkedIN: linkedin.com/company/the-accountant-quits
Twitter: twitter.com/accountantquits
Follow Nik Pletikos:
Twitter: https://twitter.com/ethreasurer
LinkedIN: https://www.linkedin.com/in/nikpletikos/
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Website
For show notes and past guests, please visit theaccountantquits.com/podcast/
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