Case study: diversifying a $2M treasury at 0.32% from spot
A single-sided unwind that rotated a token treasury into ETH, USDC, and WETH on-chain, with no market sells.
The mandate
A token issuer held a concentrated treasury position and wanted to diversify into bluechip assets without moving the market. OTC desks quote a spread around spot and take the other side of the trade. The client wanted transparent execution, no counterparty risk, and full custody of assets throughout.
The mechanism
Amplifi deployed a single-sided vault on Base holding only the treasury token. The vault placed concentrated liquidity above spot in a Uniswap v4 pool paired against USDC and WETH. As the market bought the token from the vault, the vault accumulated USDC and WETH inventory. Ranges rebalanced automatically as price moved, keeping the vault posted where it would earn fees rather than sitting stale.
No market-sell orders. No OTC counterparty. The vault only took the passive side of trades already happening in the pool. Funds never left the client's Safe; Amplifi held strategy authority through a multisig, and the client retained withdrawal rights the entire time.
The numbers
- Deposited: $2,020,792 of the treasury token.
- Pool volume routed through the vault: $1,973,093.
- Bluechip accumulated: $510,000 in USDC and WETH.
- Average execution vs spot: −0.32%, inside any OTC quote the issuer would have received.
- Rebalances: 109 over 92 active days.
- Indicative fee APY: ~2.5% on top of the diversification.
What the client kept control of
Custody: the treasury token sat in the client's Safe for the duration. Withdrawal: depositors held ERC-4626 vault shares redeemable at any time. Reporting: every position, rebalance, and fee accrual was verifiable on-chain in real time, with APY reported net of impermanent loss.
For a walkthrough or to run the same playbook on your treasury, contact contact@amplifiliquidity.com.