GBC's Initial Treasury Investment

Voting ended about 4 years agoSucceeded

Intro

Hello Berries, in this vote we enact our initial treasury investment proposal. Funds that are sitting in our contract will be transferred to our Multi-Sig Gnosis Vault (Treasury) to hold GMX assets and start earning yield to grow our treasury.

Some stats from our current on-going public sale: ⁃ 3,081 sold for 0.03 each ⁃ 1,705 claimed for free

Proposal

For our initial investment, we will be using 50% of our treasury (46 ETH) just for cautionary measures. We hope that our next proposal will reflect some feedback from the community.

Also, market is currently volatile and bearish, we've been suggested to hold some GMX to offset some of the GLP risks in case the market resumes its bull cycle. We think buying GMX at low price would increase our overall yield.

Berries, do you think this proposal is legitimate? Does this distribution make sense? lets discuss this proposal in our #governance Discord Channel and let us know your thoughts.

Off-Chain Vote

100% GLP

38 3.4%

80% GLP 20% GMX

1.03K 92.1%

90% GLP 10% GMX

50 4.5%

Download mobile app to vote

Timeline

Dec 10, 2021Proposal created

Dec 10, 2021Proposal vote started

Dec 13, 2021Proposal vote ended

Oct 26, 2023Proposal updated