Beefy DAO is going to receive a significant airdrop of ARB tokens. 1 802 783 ARB to be specific. At current market price ($1.2) this would be $2 163 339.
Beefy treasury now holds about $3.47M. From this 31% is OP - a grant given to Beefy with rules on how it can be used. 23% in stablecoins, 15% in BIFI, 8% in BTC, 6.5% in FTM and 14% in other assets like BNB, Matic, AVAX..
The ARB airdrop comes with no rules on how to use it for Beefy and is potentially going to be 50% of the "usable" treasury assets (not counting OP). Of course holding ARB can prove to be a profitable strategy but it's not one Beefy DAO should be taking with 50% of usable treasury assets.
This proposal aims to rebalance the treasury by selling part of the ARB airdrop for BTC, ETH and/or stablecoins. Only the percent that should be sold is going to be voted on here. If the result of the vote is more than 0% next proposal can follow, where the allocation of the funds is going to be decided.
Off-Chain Vote
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- Author
bustinjieber.eth
- IPFS#bafkreig
- Voting Systemranked-choice
- Start DateMar 25, 2023
- End DateMar 28, 2023
- Total Votes Cast3.05K BIFI
- Total Voters259
Timeline
- Mar 25, 2023Proposal created
- Mar 25, 2023Proposal vote started
- Mar 28, 2023Proposal vote ended
- Dec 13, 2024Proposal updated