Strategic Treasury Diversification into Ethereum with $3M ETH Purchase
AI summary
This proposal asks the Aavegotchi DAO to buy $3 million worth of Ethereum (ETH) using its existing DAI stablecoin reserves. The purchase would happen in six weekly installments of $500,000 each, executed through Cowswap. The goal is to diversify the DAO's treasury, which currently holds a large amount of its own token (GHST) and stablecoins like DAI and USDC.
If passed, the Aavegotchi DAO's treasury will reduce its DAI holdings by $3 million and gain $3 million in ETH, shifting its asset allocation. This could lead to increased treasury value if ETH appreciates, but also exposes the treasury to ETH's price volatility. The DAO's overall financial stability could be affected, benefiting those who believe in ETH's long-term growth and potentially disadvantaging those who prefer stable, less volatile assets.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author: Dr. Wagmi (16635) Quorum Requirement: 20% (9M) Vote Duration: 7 Days Reference Material: Aavegotchi DAO Treasury Report: https://docs.google.com/document/d/1u-hODswpYcLSJhCh4y6SNoR-17rClwenenmU71Ag9Og/edit#heading=h.2gazcsgmxkub
Proposal Summary: The proposal recommends the Aavegotchi DAO to diversify its treasury by purchasing 3,000,000 DAI worth of ETH. This acquisition would be executed through Cowswap on the Ethereum blockchain, divided into six weekly tranches of 500,000 DAI each.
Current Treasury Composition: • GHST: 16,223,059 ($16,098,141 @ $0.9923) • DAI: 8,886,873 • USDC: 3…