TEMP CHECK: Should Shutter DAO 0x36 Swap USDC into ETH?
AI summary
This proposal asks if Shutter DAO 0x36 should convert some of its USDC stablecoin holdings into Ethereum (ETH) and then convert it back to USDC at a later date. The goal is to potentially increase the DAO's financial runway if ETH's price goes up. This is a preliminary temperature check to gauge community interest before a more detailed proposal.
If this passes, the DAO will explore a strategy to speculate on ETH's price. A successful trade could increase the DAO's treasury, benefiting all token holders, while an unsuccessful trade would reduce it. The specific amount of USDC to be swapped is not yet defined.
Voting results
🐳 Whale votes
1 vote > 5% VPFull proposal
Background
Shutter DAO 0x36 is considering swapping USDC for ETH and (later) swapping it back to USDC.
If the price of ETH rises, it would increase the Shutter DAO 0x36 runway. However, if the price of ETH drops, it would decrease the Shutter DAO 0x36 runway.
Should Shutter DAO 0x36 Swap USDC into ETH?
- Yes (SD 0x36 should explore when/how to swap some USDC into ETH - and back)
- No (SD 0x36 should not swap USDC into ETH)
Discussion on Shutter Forum
https://shutternetwork.discourse.group/t/discussion-should-shutter-dao-0x36-swap-usdc-into-eth/893