Add XAUT (Tether's Gold Pegged Stablecoin) to the treasury.
DAI subject OHM to inflation of the USD, which is at its highest point in 30 years. Holding other cryptocurrencies in the treasury is a good hedge against inflation, but still subjects the treasury to the volatility of the these underlying assets. When we enter a bull market, the declining value of crypto assets held in the treasury will have an outsized effect on the price of OHM. I propose that we make 10% of the treasury Tether’s Gold Pegged Stablecoin, XAUT, as a hedge against both the inflation of the USD, and the inherent volatility of other crypto assets held in the treasury. Let’s move Olympus onto the gold standard.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xB825...017Fa8 | 2,380 | No, don't add Gold to treasury |
 0xf67e...9b7F40 | 1,969 | No, don't add Gold to treasury |
 0x3510...3B12C2 | 1,306 | No, don't add Gold to treasury |
 0x3cfc...576179 | 1,181 | Yes, add Gold to treasury |
 0x0882...0f4F6D | 932 | No, don't add Gold to treasury |
VOTE POWER
Proposal Status
- Fri November 12 2021, 06:00 pmVoting Period Starts
- Fri November 26 2021, 06:00 pmEnd Voting Period
Current Results
1-No, don't add Gold to treasury
9,985.981
2-Yes, add Gold to treasury
2,345.744