zComb DAO Proposal AKA ZCDP 2024-4

Comb founder wishes to convert all treasury assets into a stablecoin to be held until they are distributed. However, this process may be a long one. In view of the current stage in the bull market we are in, with BTC halving just completed and Fantom about to launch Sonic, zComb DAO may wish to have a more risk-on approach to holding the treasury while awaiting distribution. Furthermore, with the comb founder’s history of taking six months to clear an audit for Utopia, we may find ourselves waiting for a significant amount of time until funds are disbursed.

We should also learn from our past experiences with the Multichain hack in which WBTC, WETH, USDC and other bridged assets plummeted in value, by holding assets on a low risk chain.

This proposal seeks zComb DAO member input on which crypto assets to hold throughout the duration of the wind up process. Upon completion of the vote, the % allocation to each asset type will determine how much % of the treasury will be allocated to each asset, rounded to the nearest %. For example, if the DAO votes 33.2% FTM, 33.2% BTC, and 33.6% USDC, then the treasury will be invested 33% in FTM, 33% in BTC, and 34% in USDC. In order to reduce risk, tokens will be held on their native chains.

Vote: Native USDC Native BTC Native ETH Native FTM