Paladin Token Treasury

⚙️ DAO Processes
1

We the Paladins are proposing a sell of some of the treasury into DAI while ETH prices are pumping. This proposal failed because the amount of DAI in the DAO was short of the required amount, plus all our grantees seem to be requesting their funds in DAI so it makes sense we should buy into DAI for somewhere between $20k - $40K

At todays price that would be about 50 wETH all in favor of allowing the Paladins to take on this exchange process say “aye” we will also subtract the cost of this failed proposal to cover the paladin budget https://pokemol.com/dao/0xee629a192374caf2a72cf1695c485c5c89611ef2/proposal/125

We suggest using the Paladin Multi-sig which has @Sky @vengist @puniaviision @yalor and others.

Thoughts ?

2

Option 2:
The BetterXchange:
MC DAO member sends 555 DAI to DAO and, at same time, enters a proposal to receive 1 WETH tribute. That’s all - that’s the BetterXchange.

(* Each member may play up to 3 WETH.)

Benefits to MC DAO:

  • DAO gets DAI immediately (faster than one Bitcoin block)
  • HausDAO stats improved
  • Team building
  • Trustless - DAO does not need to trust anyone
  • Fully Decentralized - NO use of Multisig wallet
  • Fun
  • Sustainable
  • Smart risk management
  • DAO’s risk is distributed away
1 Like
3

sign me up for 1665!

2 Likes
4

im in for 1665 as well if this is the way we want to go

6

While we wait for the the treasury proposal to transfer into the DAO we thought that this is the perfect time to open up the BetterXchange for business again.

TL:DR:

The DAO needs DAI, and you get some discounted ETH.

The BetterXchange:

MC DAO members send 4500 DAI to the DAO directly, at same time, member enters a proposal to receive 1 wETH payment. Must include confirmed transaction and blockscout URL in proposal.

That’s all - that’s the BetterXchange :currency_exchange:

Price is locked @ $4500 DAI / USDC for 1 week or until we process 10 wETH worth of proposals :alarm_clock: Sunday Nov 7 - Sunday Nov 14th

10 wETH is available at this discounted price right now, just go make your DAO proposal and link it here for sponsorship.

Some of the benefits to MC DAO:

  • DAO gets DAI immediately (faster than one Bitcoin block)
  • HausDAO stats improved
  • Team building
  • Trustless - DAO does not need to trust anyone
  • Fully Decentralized - NO use of Multisig wallet
  • Fun
  • Sustainable
  • Smart risk management
  • DAO’s risk is distributed away
7

PotionDAO has expressed interest in Xchange of up to 60.000 wxDAI for wETH - slightly outside of the the 10 wETH availability - please advise if we can submit a proposal for that full amount, otherwise will tribute 45.000.

8

I don’t see a problem approving this, you have my support you have the transaction.

9

Excellent. PotionDAO will make a proposal from our Gnosis Safe (Igor) to send 60.000 wxDAI into the MC Gnosis Safe Spice Bank (0xcff1d7623b840e675de4635dd556d51cb1831bb4) - should take about 2 weeks overall, unless we hit quorum from both sides to approve sooner :handshake: