[HIP-38] Treasury Diversification
Summary
Sell 50% of Hop DAO’s ARB holdings (837,007 ARB) for USDC. This should raise approximately $686k for Hop DAO at current prices (~$0.82).
Motivation
Hop DAO will need stablecoins to cover ongoing expenses. This sale would be an initial step toward the broader goal of treasury diversification.
Execution
Before an onchain vote, a deployment of the Hop Community Multisig should be deployed on Arbitrum. The onchain execution of the proposal will send a message through the Arbitrum messenger to trigger a transfer of the ARB currently in the Hop Treasury alias 6 address to the Community Multisig. The Community Multisig can then complete the sale in a series of transactions.
Voting Options
Sell 50% of Hop DAO’s ARB holdings for USDC No action Abstain
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x9A04...c7C1E8 | 5.006M | FOR |
 0xF4B0...91D8fA | 1.28M | ABSTAIN |
 0xDE3b...fFdb9b | 504,413 | FOR |
 0xA2b1...abE5f7 | 491,232 | FOR |
 0x193C...9d842b | 380,218 | FOR |
VOTE POWER
Proposal Status
- Mon October 09 2023, 06:36 pmVoting Period Starts
- Mon October 16 2023, 04:30 amEnd Voting Period
- Mon October 16 2023, 04:42 pmQueue Proposal
- Wed October 18 2023, 05:38 pmExecute Proposal
Current Results
1-ABSTAIN
1.28M
2-FOR
102.3
3-AGAINST
N/A Tokens