Rebalance treasury

Voting ended almost 3 years agoSucceeded

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

sell 0%

1.73K BIFI57%

sell 10%

0.01 BIFI0%

sell 20%

41.49 BIFI1.4%

sell 30%

41.83 BIFI1.4%

sell 40%

12.74 BIFI0.4%

sell 50%

132.31 BIFI4.3%

sell 60%

1.08K BIFI35.5%

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Timeline

Mar 25, 2023Proposal created

Mar 25, 2023Proposal vote started

Mar 28, 2023Proposal vote ended

Dec 13, 2024Proposal updated