This vote is for the AirDAO community to decide on the percentage of the AirDAO Treasury that we should invest to prepare ourselves for unforeseen circumstances and earn a yield on our portfolio.
The AirDAO Council will use the profits generated to buy back AMB from the market and burn the bought AMB. The community will decide the frequency of the token burns. AirDAO will ensure transparency for the entire process. The community will be able to track the yield and confirm that all generated yield will be used to purchase and burn AMB. The AirDAO Treasury is held in our Gnosis Safe and is ready for deployment in DeFi protocols.
The proposed percentages are 0%, 25%, 50%, 75%, and 100%. We will invest half of the chosen percentage into AAVE and the other half into Compound — two highly renowned DeFi protocols with a combined Total Value Locked (TVL) of $10.3b (AAVE TVL, Compound TVL).
Please vote for the percentage of the Treasury you think we should invest.
Voting begins at 4 PM UTC on Sunday, January 14th, and ends at 4 PM UTC on Tuesday, January 16th.
Off-Chain Vote
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- Author
0xb163…3CAf
- IPFS#bafkreif
- Voting Systemsingle-choice
- Start DateJan 14, 2024
- End DateJan 16, 2024
- Total Votes Cast167.74M AMB
- Total Voters106
Timeline
- Jan 14, 2024Proposal created
- Jan 14, 2024Proposal vote started
- Jan 16, 2024Proposal vote ended
- Jan 16, 2024Proposal updated