[SIGPROP] Treasury Management – AERO & Reward Token Conversion Framework
This proposal asks the Aavegotchi DAO to approve a framework for managing its treasury's reward tokens. It specifically seeks permission to convert the DAO's existing 232,334 AERO tokens into a different asset and to allow future reward tokens to be converted without needing a new proposal each time. A separate vote will decide which asset the tokens should be converted into, with options like GHST, USDC, ETH, or WBTC.
Impact: If passed, the DAO will gain more flexibility in managing its treasury, potentially reducing exposure to volatile reward tokens and improving the value of its holdings. This benefits the DAO by making its treasury more responsive and liquid, but the specific impact on the treasury's value depends on the chosen conversion asset.
Read full proposal on Snapshot ↗Author: Maxicrouton (14873) Vote Duration: 1 month Quorum Requirement: 7.2M GHST
Summary
This proposal seeks DAO approval to:
- Convert the DAO’s current AERO holdings into another treasury asset.
- Authorize the conversion of current and future reward tokens without requiring a new AGIP each time.
- Establish a separate signaling poll to determine the preferred target asset for conversion.
The goal is to improve treasury responsiveness and avoid passive exposure to volatile reward tokens that may significantly depreciate over time.
Context
The DAO treasury currently holds ap…