Key highlights

・Due to recent (Sept 2022) change in personnel in charge of Finance Department, there are disconnects of data, accounting treatment and accounting assumption between this report and report published in previous months. No retrospective application has been applied due to limitation of available data.
・Gross Burn Rate: Total cash outflow (expense items: interest expense, relayers fee, labor cost, gas cost, incentives, etc.)
・Net Burn Rate: Total Cash Flow (Gross Burn Rate + Rewards Claimed, interest earned and Airdrop received)
・Implied Cash Runway：Total Equity / Net Burn Rate ・Liquidating value: Total Equity minus Liabilities & DFGC’s TXJP holdings (including TXJP in LPs).
・BPS: Liquidating Value divided by the number of tokens held by users(circulating supply).
・PBR：Multiple of token price to BPS(liq value)
・Reference data used: zapper, zerion, DeBank, Etherscan, Dextool, Mitsubishi UFJ Research & Consulting

Balance sheet

The following assumptions has be used from the July-September FS in 2022

・Fair value of assets and liabilities: Japanese yen equivalents displayed on Zerion, DeBank, and Zapper
・Accrued interest account on liabilities is no longer in use but is included in the short-term debt borrowing amount
・Paid-in capital 2018, market value of donations received in 2018-2020 are calculated in USD market value at the time of payment & applied average USD/JPY exchange rate for the three years 2018-2020 ($1=108.76Yen).
・Paid-in capital 2020, applied average USD/JPY exchange rate during July 2021 ($1=110.31).
・Paid-in capital 2022 applied mid rate of USD/JPY on each date of payment. (5th July 1$=136.14, 6th July 1$=135.69, 9th July 1$=136.06)
・OCI is market value of TXJP held by DFGC (including TXJP in LPs).
・Items with low values are not mark to marked but displayed continuously in “Other” current assets interest receivables.

DAO Treasury health rate

Compound.finance

Income statement

Due to incomplete data available for month-end balances of June 2022, income statements for July-September cannot be prepared. Income statements will be published from October 2022.

Token holders

Balancer V1: 0xddce7b2c3f7fbc4f1eab24970c3fd26fee1ff80f
Balancer V2: 0xba12222222228d8ba445958a75a0704d566bf2c8
Uniswap V3: 0xa9166690c35d900a57d2ec132c58291bc0678944

Note:

・Balancer V1, V2 and Uniswap V3 LP positions are owned by DAO Treasury (defigeek.eth).
・Total supply is fixed at 210,000 TXJP.
・Allotment for future prospective Series A, B and C (total 31,500 TXJP) have issued and been held at DAO Treasury (defigeek.eth).
・TXJP held at contract (0x0028a459d6705b30333e98d5bcb34dd1b21e2a89) is user’s fund in Rari’s Fuse. No Treasury fund is deposited in the pool.
・dev.defigeek.eth & cofounder.defigeek.eth hold TXJP at differnt wallet from DAO Treasury solely for a governance purpose and are included in BS as long-term deposit TXJP.

DAO activities

Please refer to Japanese version of financial report to see all transactions data.

Disclaimer

・This report is prepared by DeFiGeek Community for the purpose of providing accounting information to ensure transparency in the use of funds.
・This report is not intended as a solicitation to invest in tokens ($TXJP, $YMT) issued by the community.
・The information in this article has been obtained from reliable sources, but we do not guarantee or promise its completeness, accuracy, or appropriateness. The community is not liable for any damages incurred by users of this article due to data, expressions, errors, etc. used in this article.
・The financial statements and key ratios used in this article have been specially prepared by the Finance Department of the community to conform to the community’s financial reporting and have not been audited by a certified public accountant or auditing firm.

Addresses

defigeek.eth: 0x24dd242c3c4061b1fcaa5119af608b56afbaea95

dev.defigeek.eth: 0xdc94eeeb3260d0b9bf22849e8f5d236d286cdba1

pr.defigeek.eth: 0x893e8ddef046f42df15541009a2ef885f542024c

cofounder.defigeek.eth: 0x4534f4968006ca9eca3bac922022c7ecba066e9e

$TXJP(TenX Community JAPAN Token): 0x961dd84059505d59f82ce4fb87d3c09bec65301d

Commuity URLs

Twitter: https://twitter.com/DeFiGeekJapan

Discord: http://discord.gg/FQYXqVBEnh

GitHub: https://github.com/DeFiGeek-Community

Please direct any comments or questions regarding this report to English channel at DeFiGeek community discord.