DIP - 101 Treasury Managmenent

HNY Dope DAO

Too often Dope DAO has not managed to effectively manage the treasury and runway. It’s time to start making some sensible decisions for the benefit of DAO security. Currently our treasury is heavily weighted toward OP tokens, around 144k tokens. Excluding Paper, around 2/3rds of our total working capital.The non sale agreement of 1 year has long since lapsed. With the market rising we should consider diversifying our treasury.

This proposal will authorise Dope Labs to stable 34k OP tokens for USDC which will then be transferred to the onchain treasury. (25% of total tokens).

As is always the difficulty with DAO governance time restrictions alongside market movements and multi-sig time challenges, there is never a perfect way to conduct the trade. The aim for this trade will be to settle as close to the $3 mark as is possible. However, Dope Labs will have the authority to settle above $2.5.

For your consideration

Tani.