[HIP-44] Treasury Diversification for Ongoing DAO Expenses
This proposal is made with the same goals as the original [RFC] Treasury Diversification 2. Updated parameters are below.
Summary Sell 25% of Hop DAO’s ARB holdings (209,251 ARB) for USDC. This should raise approximately $408k for Hop DAO at current prices (~$1.95).
Motivation Hop DAO will need stablecoins to cover ongoing expenses. The current and future ongoing expenses that currently exist are:
[HIP-37] Authereum Labs Engagement Adjustment 1 Hop Community Moderator Compensation 1
Execution 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 1 address to the Community Multisig. The Community Multisig can then complete the sale in a series of transactions.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xA2b1...abE5f7 | 1.223M | FOR |
 0xDE3b...fFdb9b | 614,230 | FOR |
 0xF4B0...91D8fA | 509,053 | ABSTAIN |
 0x2B88...537d12 | 478,797 | FOR |
 0x1B68...88eeaD | 295,087 | FOR |
VOTE POWER
Proposal Status
- Mon March 04 2024, 06:50 pmVoting Period Starts
- Mon March 11 2024, 04:38 amEnd Voting Period
- Mon March 11 2024, 05:34 pmQueue Proposal
- Wed March 13 2024, 06:33 pmExecute Proposal
Current Results
1-FOR
3.02M
2-ABSTAIN
509,052.8
3-AGAINST
N/A Tokens