DAO Treasury Participation in Auction to Address Floating Losses

This proposal is proposed to use BendDAO's Treasury funds to participate in unbid auctions.

Motivation

Leveraging the BendDAO Treasury not only provides funds to cover the floating losses but also demonstrates the DAO's alignment with its users. By utilizing the Treasury funds in this manner, the DAO can underscore its alignment with its community members, particularly ETH depositors at this time, and work towards fostering a stronger relationship with both users and the broader NFT industry.

Next Step

The DAO Treasury, which includes ETH and USDT, will be used to participate in unbid auctions. The management of the NFTs obtained from these auctions will be determined through further governance discussions.

Voting Quorum: Approximately 92M veBEND (20% of the total supply)

Pass Rate: Over 80% Approve

The voting will last for 3 days.