[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 $440k for Hop DAO at current prices (~$2.10).
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 |
 0x8F73...f5Faa0 | 632,208 | For |
 0xDE3b...fFdb9b | 614,230 | For |
 0xF4B0...91D8fA | 510,619 | For |
 0x2B88...537d12 | 482,219 | For |
VOTE POWER
Proposal Status
- Wed February 21 2024, 09:48 pmVoting Period Starts
- Mon February 26 2024, 09:48 pmEnd Voting Period
Current Results
1-For
4.849M
2-Against
172.396