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CRE8R DAOCRE8R DAOby0x3c5Aac016EF2F178e8699D6208796A2D67557fe2ceazor.eth

Buy ETH with Treasury

Voting ended over 4 years agoSucceeded

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.

Off-Chain Vote

FOR Vitalik
6 75%
Against Vitalik
2 25%
Download mobile app to vote

Timeline

Aug 28, 2021Proposal created
Aug 28, 2021Proposal vote started
Aug 31, 2021Proposal vote ended
Nov 09, 2025Proposal updated