Aavegotchi · closed proposal

[AGIP 119] Convert all DAO-owned $DAI/$aDAI -> $USDC/$aUSDC

0x2090…dD3F·ended 2y ago

Voters

505

GHST voted

9.25M

≈$408.4K

Token price

$0.04

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Quorum

9.25M / 9.00M GHST(103%)

✓ Quorum met

YES. Convert all DAI to USDC8.36M (90.4%)

NO. Do not convert DAI to USDC888.48K (9.6%)

9.25M GHST · ≈$408.4K · 505 votersblock 56316334

🐳 Whale votes

0 votes > 5% VP

No whale votes on this proposal.

Full proposal

Original markdown · Aavegotchi

Author: AL (discord: @AL4105) Gotchi ID: 1264 Vote details: 20% Quorum; (7) days duration

Background:

AavegotchiDAO holds a range of treasury assets according to the mandate laid out in AGIP65 which outlined a 4-way split for unlocked $DAI for liquidity, general reserve, core team, and player rewards.

As of April 1st 2024, our stablecoin basket is as follows:

~5.8million USD worth 87.3% in $DAI/$aDAI; remaining in $USDC

Motivation:

An ecosystem change at MakerDAO is recently introducing some additional risk to $DAI with the consideration of including algorithmic stablecoin $USDE a…

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