FOR - Convert our holding in $DAI to $ETH
Against - Leave $DAI in our Treasury
Recently, I had issues with dispersing $DAI out of the MSig. However, I think I might have found a solution to this and might be able to do it afterall.
That being said, I had some interesting conversations with people as an outcome of this.
Some said,
- we are all Degens and holding ETH is what we do.
- the cost to send ETH (gas) is cheaper than any other ERC20
- if stables are sent, it limits the usability. USDC-->ETH--->shitcoin
- if ETH doesn't makes it we all NGMI
- ETH has upside
- we could very simply make each GIVE worth x amount of ETH (ie 0.003ETH)
- holding USDs in the war-chest is very irresponsible as it could be yielding somewhere.
Others said
- ETH might dump soon in USD value.
- The bigger the pool the better.
- USDs historically has better yield in deFi (if we were to actually deploy it)
- trading fees between USDs are lower then tkn-ETH LPs
- one of our former clients has a use case for USDC (BMI) whereas none of our clients have one for ETH only.