[BIP-197] Transfer 250k BAL to Balancer OpCo

Motivation

As a reminder, the outcome of BIP-161 mandated that a sale of 250k BAL be pursued to boost stable reserves as we approach Year 2 funding season for service providers. If this proposal is approved, the mechanics will be as follows:

• 250k BAL will be transferred from the Treasury to the OpCo (sub of the Foundation)
• OpCo will independently work towards a private sale for the tokens and hold the proceeds on their balance sheet in the short term until funds are used to pay budgeted expenses

The goal is to exchange 250k BAL for around 1.5M of USDC but it is impossible to guarantee this due to potential market fluctuations between the time of posting this proposal and the time that the transaction is executed. Once complete, if there are any issues or concerns, the OpCo will report back.

Specification

The DAO Multisig 0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f will transfer 250,000 BAL to the Balancer OpCo LImited’s Multisig 0x3B8910F378034FD6E103Df958863e5c684072693

Remaining payments in USDC due to OpCo and Orb for Year 1 will be halted, overriding [BIP-20] and [BIP-55] requests (954,471 + 305,725), for a total of 1,793,413 USDC. Uncompromised funds and savings can be dealt by the DAO when appropriate.