Non-custodial treasury management for DAOs
How vault architecture separates strategy from custody.
Non-custodial treasury management means the DAO's assets never leave contracts the DAO controls: an external operator like Amplifi can execute a strategy (rebalance ranges, convert assets, deploy liquidity) but has no ability to withdraw funds, and the DAO can exit at any time. The structure separates strategy authority from custody, which is the property that makes delegating treasury operations to a third party survivable if that third party fails, disappears, or turns malicious.
Strategy authority is not custody
The vault contract sits on the DAO's Safe. The operator gets a scoped multisig role: it can move ranges, rebalance inventory, and collect fees, but the withdraw path is gated to the DAO. Compromise of the operator's keys costs performance, not principal. Compromise of the DAO's keys is the DAO's own risk, unchanged from any other treasury structure.
Written guardrails, on-chain
The mandate is encoded: allowed pools, allowed range widths, max inventory tilt, pause conditions, target inventory mix. Anything outside those parameters is a transaction the operator cannot sign. Governance can tighten or widen them; the operator cannot.
Reporting the DAO can verify
Positions, rebalances, fees, and net APY (in deposit-token terms, net of impermanent loss) are readable directly from the vault contract. There is no monthly PDF and no reconciliation call; the DAO's dashboard is the chain.
Exit at any time
Governance can wind down the position and withdraw at any block. That option is what makes the operator relationship a service contract rather than a custody relationship.
To scope a non-custodial treasury mandate, contact contact@amplifiliquidity.com.