DAOs Are the New Degen: Crypto Traders Can Copy-Trade Token Treasuries for Fun and Profit

Another year has almost come to a close and crypto continues to be shrouded in regulatory uncertainty. Now, with some of the choppiest waters we have ever had, sentiment analysis has never been more important and treasuries for decentralized autonomous organizations can serve as a potential guiding light.Consensus Magazine's Trading Week week is sponsored by CME. Kushagra Agarwal is the co-founder of Samudai.

Consider Mantle, which aims to serve as an interoperable network hub for all sorts of decentralized projects and communities. Right now, the bulk of its assets are etherLogically, it is natural for a DAO to take as much control as possible over its own token during bear markets to decrease liquidity and therefore, overall risk of catastrophic price depreciation.

When it is a bull market DAOs tend to spread out their native tokens in exchange for both further investments in their ecosystems and further investments in other areas to diversify.Others, like Gnosis, a top-five DAO by assets under management , pursue growth strategies no matter the market. In bears, this tends to mean weighting their treasuries towards safer tokens like ETH and its liquid derivatives, but in bulls they often branch out to choppier altcoins.

This could create a diversified picture of the market at-large. However no trading indicator is and ever will be foolproof.Since treasury movements can always be tracked on-chain, they still represent the most transparent example of what crypto practitioners are thinking about their native market. As treasury strategies evolve, they may become even more robust indicators of where the crypto market is leaning.

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