Digital Reserve Vaults

Proposal: Building and releasing the Digital Reserve, an on-chain vault platform into which DRC holders may deposit their DRC to gain automatic and secure exposure to a selection of assets.

In the case of Digital Reserve Currency and in keeping with the ethos of storing value, the proposal initially suggests an allocation of assets that are traditionally considered stores of value. These include but are not limited to: Bitcoin (BTC), Tokenised Dollar (USDC), Tokenised Gold (PAXG) and Etheruem (ETH).

The Digital Reserve is to be developed by trusted community members and funded using Ethereum from the Foundation Fund. The developers are to follow strict guidelines regarding security of the platform and the build must then pass a rigorous audit before being released onto mainnet.

The vaults are to be built with a rebalancing strategy embedded, which allows for the basket's allocations to remain constant despite potential market changes. The control of these strategy changes is to be linked with the DRC Foundation Fund multi-signature Gnosis wallet and thus controlled by the democratically elected DRC Representatives.

Rationale: To build additional utility into the DRC ecosystem and further integrate DRC into the DeFi and blockchain space.

Notes: Future allocations of the Digital Reserve baskets are to be decided by the community via snapshot proposal. This proposal includes two vaults upon launch: BTC / PAXG / ETH and USDC / BTC / PAXG.