griff:
The missing piece for me was the completion of the hedgeā¦ What happens with the money that is taken out of the DAO? It sits as a stable token or whateverā¦ but then what?
How does money go back into the DAO? When? Is the money that is held to be hedged used for anything else?
It was just an incomplete proposal.
I still think its a worthwhile idea to try to hedge a littleā¦ I have been a part of projects that can point to the failure to hedge into a stable currency as the primary reason they failed. Makes senseā¦
No, it was a decision + a step towards figuring out a solution out.
For the step to be made, proposal needs to pass + then to be ragequitted once it we had a plan - this was the premise that we discussed the proposal with.
This needed to happen ASAP and weāll need another proposal. Its in the hands of JW now with:
Thereās been a significant amount of discussion around the idea of treasury management, the MetaCartel Signal and the possibility of using sets/stablecoins to manage some portion of our ETH.
This proposal was spun up last week and discussed on the weekly call, currently it looks like itās not going to pass, more due to the time restriction and centralization risk, as opposed to a disagreement with the plan of treasury management.
At the same time Moloch v2 is now alive in the world! If we wereā¦