Aavegotchi · closed proposal

Convert all DAO-owned $DAI/$aDAI -> $USDC/$aUSDC

0x8D4f…efC2·ended 2y ago

Voters

562

GHST voted

9.58M

≈$422.8K

Token price

$0.04

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Quorum

9.58M / 9.00M GHST(106%)

✓ Quorum met

YES. Convert all DAI to USDC8.18M (85.5%)

NO. Do not convert DAI to USDC1.39M (14.5%)

9.58M GHST · ≈$422.8K · 562 votersblock 56051460

🐳 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 $U…

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