GM 77.2 - Rethinking our Eth to Stable Mandate
Author:
Defi Beats
Abstract:
With the market showing some signs of life. I propose changing our rebalancing mandate to 5 months of stables vs our current 8 months.
Motivation/Rationale::
We want to position the DAO into a stance of strength as we enter the next bull market. One of the best ways to do so is to ensure our treasury can capitalize on Eth’s upward price movements safely but with size.
Best practices is to have somewhere between 3-6 months of expenses in cash
See opinions on small business runway here:
Specifics:
Our Current Mandate:
8 months of expenses Or 30% of treasury (whichever is greater)
Proposed New Mandate:
5 months of expenses
Pros :
As Eth rises, our treasury will grow more quickly.
Cons:
If we experience an extended downturn of more than 2-3 months our treasury will contract further than with our 8 month mandate.
Sponsors :
Cyphr
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x8df9...144385 | 25 | |
 0xbDa9...8512E7 | 8 | |
 0x7EE9...7416dB | 8 | |
 0xd6f6...A0Be52 | 7 | |
 0x7988...bF068E | 5 |
VOTE POWER
Proposal Status
- Mon November 06 2023, 09:01 pmVoting Period Starts
- Thu November 09 2023, 09:01 pmEnd Voting Period
Current Results
1-For
53
2-Against
34
3-Abstain
7