Next Steps on the DAO's ETH --> wBTC trade

Background

Following a passed governance proposal ~3 months ago (https://snapshot.org/#/decentralgames.eth/proposal/0x2560674a61be1cb7b297cd259d5022287db184817822120e061710ee5c949506), 400 ETH was swapped into wBTC at a ratio of ~0.055 ETH/BTC. At the time of writing, this 22.29 wBTC is worth ~440 ETH.

Proposal

If and only if ETH/BTC < 0.05, give the team discretion to start coverting wBTC back into ETH. Moreover, this ETH would be staked for stETH.

Rationale

It's a win for the DG DAO to lock gains if they begin to become material (this proposal sets the bar at ~ >= 10% on the trade); otherwise, there's some value to being diversified across ETH and BTC if ETH/BTC remains in range or even increases beyond where we initially made the conversion.