Why are so many Web3 projects with massive treasuries not doing active treasury management?

That’s the question we explore in this episode with Bo Zhang, COO at Function: a project building the rails that allow Bitcoin to actually function: liquid, composable, and yield-generating.

Together with Bo, we dive deep into the intersection of institutional trading & token management, treasury management, and working with market makers.

Bo is also one of the instructors of our upcoming course: the Crypto Treasury Management Academy launching October 29th, designed to help web3 finance professionals learn how to optimize, allocate, and protect their organization’s crypto treasury.

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🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto ⁠⁠⁠⁠⁠⁠⁠⁠https://www.theaccountantquits.com/crypto-accounting-academy⁠⁠⁠⁠⁠⁠⁠⁠ 

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Bo Zhang: https://www.linkedin.com/in/bozhang7940/

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Topics covered

(0:00 ) Coming Up

(2:44 ) Background in web3

(6:02 ) Stress testing DeFi protocols

(11:25 ) Treasury management for web3 projects

(14:41 ) Active treasury management

(17:36 ) Get 2 months for free with Request Finance

(19:16 ) Working with market makers

(22:54 ) Crypto hedging basics

(26:27 )  Outsourcing crypto hedging

(28:19 ) Do web3 organizations use derivatives

(29:24 ) Evolution of Bitcoin DeFi

(35:56 ) About Function & FBTC

(37:30 ) Lessons from Ren Protocol

(42:14 ) Function’s vision & RWAs

(45:32 ) Guiding principles for web3 treasuries

(48:36 ) Reach out to Bo Zhang