TIP 57: Transfer Council POL to Treasury Guild Multisig
AI summary
This proposal seeks to transfer approximately $548,000 worth of various crypto assets, including CRV, CVX, BAL, and AURA, from the Threshold Council's control to the Treasury Guild Committee's multisig wallet. This move aims to streamline the management of the DAO's Protocol Owned Liquidity (POL), which are assets owned by the DAO itself rather than individual users. The Treasury Guild is believed to be better equipped to handle these assets due to their expertise and the recent creation of a dedicated POL Operations role.
If this proposal passes, the Treasury Guild will gain direct control over a significant portion of the DAO's POL, totaling around $548,000. This is expected to improve efficiency and security in managing these assets, benefiting the DAO by potentially optimizing returns and reducing operational friction. The Council will retain custody of other key assets like T, ETH, and DAI.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Vote Type Token holder DAO Snapshot with a 7-day vote period.
DAO-elected Sponsors Sap, East, Will
Timeline 7 days for comment / discussion on this proposal.
Token holder DAO Snapshot with a 7-day vote period.
Purpose This proposal is a request to the Threshold DAO to approve the transfer of Council-held Protocol Owned Liquidity (POL) to the Treasury Guild Committee’s Multisig.
Motivation The DAO’s Protocol Owned Liquidity has continued to grow, thanks to the TTG’s various diversification efforts, including the continued success of TIP 46 and TIP 47, as well as revenue…