It’s about time to make another couple proposals, I suggest something like 25-50% of our treasury into stables so that we can continue to to fund grants, ops, and possible by more ETH when the price tanks. Can I get a quick vote on peoples thoughts on this before I trigger a working group discussion ?
- Turn 25% of the treasury into stable’s / 110 wETH = $495,000
- Turn 40% of the treasury into stable’s / 176 wETH = $792,000
- Turn 50% of the treasury into stable’s / 220 wETH = $990,000
- Don’t turn any of the treasury into stables🤬
The plan is to move whatever portion we decide into a gnosis safe controlled by the Paladins, then bridge it over to main-net to make swaps periodically over the next quarter. Plan is open to discussion though