executedEnded 4 years ago · Onchain
SIP-15: Move ETH from SiloDAO to the development fund
By 0x66B4...f686F9Continue Reading
You are voting to:
- Move 897 ETH from SiloDAO’s treasury to the development fund.
- Authorize the core team to deposit ETH to silos in response to future snapshot votes.
- Authorize the core team to rebalance ETH positions or withdraw ETH into the development fund if needed.
Sender (Treasury): 0xe1F03b7B0eBf84e9B9f62a1dB40f1Efb8FaA7d22
Receiver (Dev Fund): 0xDfF2aeA378e41632E45306A6dE26A7E0Fd93AB07
The funds can be moved back to SiloDAO’s treasury at any time via a new governance proposal.
Once funds become available in the development fund, we can vote to determine:
- Silos that will receive ETH
- ETH weight per voted silo
Why deploy ETH to silos?
- Silos need initial liquidity to generate traction.
- ETH sits idle in the treasury.
- It garners trust in the protocol and encourages prospective depositors to deposit and borrow.
- It opens up co-marketing opportunities with other projects.
Connect Wallet to Add Note
0Votes 36
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x3304...431b29 | 17.208M | FOR |
 0x0906...E77179 | 7.042M | FOR |
 0x388d...76a0E6 | 3.177M | FOR |
 0xF488...be5a5b | 650,033 | FOR |
 0xE18f...eEdd91 | 374,904 | FOR |
VOTE POWER
0
Connect Wallet
Proposal Status
- Wed August 31 2022, 02:59 pmPublished Onchain
0x66B4...f686F9 - Wed August 31 2022, 02:59 pmVoting Period Starts
- Wed September 07 2022, 11:11 pmEnd Voting Period
- Thu September 08 2022, 12:57 pmQueue Proposal
- Mon September 12 2022, 01:15 pmExecute Proposal
Current Results
1-FOR
28.745M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens