closedEnded 3 years ago · Snapshot (Offchain)
PIP-20: Use Excess Stablecoins To Purchase ETH
By 0x51C2...025a1B
Abstract JPEG’d DAO has approximately $29m in excess stablecoin balances. It also has a very low overhead. Use up to $10m of this excess stablecoin balance to purchase ETH.
Background JPEG’d DAO is run very lean and has relatively low overhead compared to it’s excess stablecoin balances. With $15m stables and a profitable business the runway for the DAO is many years. We could use up to $15m of the excess stablecoins to purchase ETH. The purchase time and total amount would be up to the discretion of the multisig, but would likely be done over the course of several months.
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0Votes 42
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x4FeF...B8317e | 1.446B | Yes authorize up to $15m. |
 0x9c50...a5dAC5 | 971.484M | Yes authorize up to $15m. |
 0x9f50...2DDa55 | 446.214M | Yes authorize up to $15m. |
 0x88a6...1E7FC3 | 415.934M | Yes authorize up to $15m. |
 0x4B28...5Cd328 | 374.396M | Yes authorize up to $15m. |
VOTE POWER
0
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Proposal Status
- Sun October 16 2022, 09:45 pmVoting Period Starts
- Wed October 19 2022, 09:45 pmEnd Voting Period
Current Results
1-Yes authorize up to $15m.
5.439B
Quorum 5.439B/2.083B