Withdraw and leverage (partial) USDC balance in treasury
Summary
I propose we move 3M USDC from the treasury, into the CSDO multisig for the purposes of supporting workstream’s budgets such that workstreams can exchange GTC with USDC from the multisig instead of open markets. The goal is reduce the amount of GTC leaving the DAO. The plan is to target 40% of workstream budgets are issued in USDC instead of GTC.
Specification
Move 3M USDC to the CSDO multisig: eth:0x931896A8A9313F622a2AFCA76d1471B97955e551
This Gnosis safe is a 4/6 with other workstream leads in the DAO.
Vote
The vote will be a yes / no vote. Move the 3M in USDC to the CSDO mutlisig, or do not move the GTC. (with abstain as an option as well) 1 - Yes to move the 3M USDC to be used for workstream budgets (40%) 2 - No do not leverage the GTC
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x4Be8...425F91 | 1.379M | Yes to move the 3M USDC |
 0xc2E2...296099 | 1.33M | Yes to move the 3M USDC |
 CoachJ | 1.023M | Yes to move the 3M USDC |
 0x5a5D...aCa9C3 | 811,965 | Yes to move the 3M USDC |
 0x7A45...C2b18F | 695,322 | Yes to move the 3M USDC |
VOTE POWER
Proposal Status
- Mon June 26 2023, 05:30 pmVoting Period Starts
- Sun July 02 2023, 05:30 pmEnd Voting Period
Current Results
1-Yes to move the 3M USDC
6.894M
2-Abstain
967.456
3-No do not leverage the USDC
665.387