Proposal: Transfer SACKS/ETH LP from Multisig to Governance Timelock
Continued from this thread in the Gitcoin forum.
Currently the $SACKS/ETH LP position is held in the Gitcoin Grants Multisig. This allows for greater flexibility for using some of the LP assets to fund grants matching rounds. On the other hand, this flexibility could make users nervous about holding $SACKS for fear of losing liquidity.
I’d like to propose transferring the LP position to the Gitcoin governance timelock. This creates an ~11 day delay between submitting a proposal to remove liquidity and actually having it removed (2 day proposal delay period, 7 day voting period, and 2 day timelock). Greater confidence will hopefully lead to greater long term funding impact from the SACKS position.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x4C0a...91cc21 | 483,107 | Yes, transfer LP to GTC timelock |
 Linda Xie | 266,970 | Yes, transfer LP to GTC timelock |
 0x8393...6F0780 | 203,278 | Yes, transfer LP to GTC timelock |
 0x3148...cdf7b9 | 76,175 | Yes, transfer LP to GTC timelock |
 0xd9ff...1824cf | 74,814 | Yes, transfer LP to GTC timelock |
VOTE POWER
Proposal Status
- Tue June 01 2021, 01:00 amVoting Period Starts
- Sun June 06 2021, 01:00 amEnd Voting Period
Current Results
1-Yes, transfer LP to GTC timelock
1.661M
2-No, leave LP in grants multisig
20,431.816