Fat Cats

The council requests to be granted an expanded trading and investing mandate.

The new trading mandate would grant the council the discretion to trade all Web3 and Web3 adjacent opportunities at its discretion. Web3 adjacent is defined as investment opportunities that do not directly integrate Web3 technology but service the Web3 community such as a company raising funds to do Web3 focused conferences. Many of our members have rightfully said that our investment strategy mandates were not broad enough and often caused us to miss incredible opportunities. In addition the market has changed drastically and we need to be able to pivot quickly to profitable ventures such as issuing collateralized loans or getting access to token presales.

We believe the council has shown an excellent governance track record, work well together and have a strong understanding of risk management. Our original policies served us well and protected the DAOs capital. However, they also caused us to miss great opportunities. Should the DAO approve this mandate the council will begin operating in a way that resembles a hedge fund whereby the council chair will act in a way that resembles a fund manager, executing the trades unless this function gets delegated to another councilor and the remaining councilors will act as the general advisory and oversight committee