“Temp Check” on Funding Public Goods (At No Cost) with USDGLO
AI summary
This proposal is a preliminary check to see if the Shutter DAO 0x36 community supports the concept of funding public goods by converting some of its existing USDC stablecoins into USDGLO. USDGLO is a stablecoin that directs 100% of its profits to charitable causes. The proposal emphasizes that this conversion would fund public goods 'at no cost' to the DAO, as USDGLO is 1:1 redeemable for USD and USDC.
If this 'temp check' passes, the DAO will then discuss specific public goods to support and the exact amount of USDC to swap for USDGLO. This proposal itself does not involve any direct financial transactions or immediate changes to the DAO's treasury, but sets the stage for future decisions that could allocate treasury funds to charitable initiatives.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Summary
Following up on a discussion post in the Shutter Forum, I am taking a “temp check” to see if Shutter DAO 0x36 supports the idea of funding public goods (at no cost) by swapping some of its USDC to USDGLO.
Glo Dollar (USDGLO) is the stablecoin that funds public goods. It’s 100% fiat-backed, always redeemable 1:1 for USD and USDC, issued and regulated in the United States, and receives monthly independent attestations. Glo Dollar funnels 100% of profits to charitable causes. By adopting Glo Dollar, you’re funding public goods. At no cost.
Process / Next Steps
If the “temp check” sho…