[REVOTE] SGTM 001: Converting $5M GTC to Stables
Summary
This revote serves to determine if the DAO should covert $5M GTC to stables and transfer it to the newly established diversification wallet. The full proposal can be found here: https://gov.gitcoin.co/t/proposal-sgtm-001-converting-5m-gtc-to-stables/18583
TL;DR:
We are asking for $5M in GTC from the treasury to swap into stables and put back into the treasury to be prepared for the next bear market. We’ll repeat this cycle with additional proposals once the cycle from this proposal has been completed. We aim to lay the tracks for a longer Gitcoin runway.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xc2E2...296099 | 1.362M | Yes, via diversification wallet |
 0x00De...325Fc3 | 750,178 | Yes, via diversification wallet |
 0x5a5D...aCa9C3 | 356,989 | Yes, via diversification wallet |
 0xf93F...Bb02B0 | 203,101 | Yes, via diversification wallet |
 0x8393...6F0780 | 37,929 | No, do not fund the swaps |
VOTE POWER
Proposal Status
- Wed May 22 2024, 07:00 pmVoting Period Starts
- Wed May 29 2024, 07:00 pmEnd Voting Period
Current Results
1-Yes, via diversification wallet
2.693M
2-No, do not fund the swaps
38,593.918
3-Abstain
331.716