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CRE8R DAOCRE8R DAOby0x069e85D4F1010DD961897dC8C095FBB5FF297434sorcery.eth

Rebalance Treasury

Voting ended over 4 years agoSucceeded

In preparation for the project currently known as GOD MODE :) We should be shooting for a treasury that looks something like: 60% Stables 30% Network Tokens 10% Client Gov tokens

Currently we are close to 75% network tokens (64 ETH value is $250k).

If we go ahead and sell 5-10% of CRE8R tokens via a copper LBP we should be able to raise 1-2m which would put things back roughly in balance but currently we are waaaay overweight in ETH.

Ethereum foundation recently sold some ETH which has traditionally stood them in good stead to carry on their work. We should take a leaf out of their book and do the same.

Off-Chain Vote

Sell 50% Of ETH
0 0%
Sell 100% of ETH
1 11.1%
Keep the ETH
8 88.9%
Keep ETH but do USDC LBP asap
0 0%
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Timeline

Nov 18, 2021Proposal created
Nov 18, 2021Proposal vote started
Nov 19, 2021Proposal vote ended
Oct 26, 2023Proposal updated