Most token treasuries sit idle because the obvious moves are self-defeating: sell and you tank your own chart, buy and you pay yourself a worse price. These are the strategies that accumulate, hedge and rebalance without moving the market against you.
Build or unwind a position over time instead of in one print. Orders are sliced against volume so your own flow doesn't set the price you pay.
Hold spot, short the perp, collect funding. Directionally flat by construction: the yield comes from the spread between the two legs, not from the token going up.
Drift back to your policy weights on a schedule you set, executed the same careful way : so a rebalance never becomes a visible event on your own chart.
Capital sits in your treasury or a segregated account you control. We operate with trade-only API keys: withdrawal permissions are never requested and never needed. Scope, risk limits and reporting cadence are set in the mandate before anything runs.
If the answer is "sitting there", there's usually a market-neutral version of the thing you actually want.