closedEnded 2 years ago · Snapshot (Offchain)
SGTM 001: Converting $5M GTC to Stables
By 0x5762...aca752Continue Reading
#Intro
This snapshot serves to determine if the DAO should covert $5M GTC to stables. The full proposal can be found here: https://gov.gitcoin.co/t/proposal-sgtm-001-converting-5m-gtc-to-stables/18583
TL;DR:
The bull market is here. 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.
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0Votes 950
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xABF2...4969dB | 1.35M | Yes, fund the $5M via coinbase |
 CoachJ | 849,295 | Abstain |
 0x00De...325Fc3 | 750,178 | Yes, fund the $5M via coinbase |
 0xf93F...Bb02B0 | 203,121 | Yes, fund the $5M via coinbase |
 0x8393...6F0780 | 37,929 | No, do not fund the swaps |
VOTE POWER
0
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Proposal Status
- Tue May 14 2024, 01:00 pmVoting Period Starts
- Tue May 21 2024, 01:00 pmEnd Voting Period
Current Results
1-Yes, fund the $5M via coinbase
2.314M
2-Abstain
850,208.138
3-No, do not fund the swaps
67,507.904
Quorum 3.232M/2.5M