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FortuneCronosFortuneCronosby0x3F29571E1E2436125830d289EecbAA281c9a32270x3F29…3227

FIP002: Diversify our Treasury to include CRO

Voting ended about 4 years agoSucceeded

This proposal is to decide on whether to diversify our Treasury to include $CRO.

Motivation

Being in the Cronos ecosystem, we are very bullish $CRO and will like it to succeed along with the rest of the ecosystem. We will like to include it in our Treasury but with the lack of a decentralized oracle for $CRO on Cronos, we are unable to implement $CRO bonds safely.

As such, we are proposing to take 10% of our Treasury and swap it to $CRO and accumulate it.

There are pros and cons for this swap.

Pros

  • Accumulate $CRO in our Treasury so we can benefit from it's growth

Cons

  • Reduce RFV of Treasury and our Treasury will be exposed to volatile assets

Quorum Standards

The option with at least 50% of the votes will then be adopted.

Options

  • Swap 10% of treasury to $CRO
  • Do not swap and leave treasury as it is

Off-Chain Vote

Swap for $CRO
1.84K 97.6%
Don't swap
45.98 2.4%
Download mobile app to vote

Timeline

Dec 24, 2021Proposal created
Dec 25, 2021Proposal vote started
Dec 30, 2021Proposal vote ended
Oct 26, 2023Proposal updated