GIP 17 : (Urgent) Treasury Portfolio Adjustment

Title of the Proposal : (Urgent) Treasury Portfolio Adjustment

Category : Core : Process & Infrastructure

Kudos : Ghosts #5456, tonyhan#8057

Abstract : $USDC, which takes the majority of GhostsProject Treasury, depegs to under $0.97, we all hope that USDC will eventually maintain its peg but we must be prepared for failure.

Discourse : https://forum.ghostsproject.com/t/reconcile-treasury-portfolios/274/9

Rationale : To mitigate the risks associated with having a single stable coin, it is the right time to diversify our stable coin portfolio by exchanging 50% of USDC assets to USDT at a loss.

Timeline : 2 days (Urgent) voting time and right after the voting ends with “Yes”, DAO will adjust 50% of USDC to USDT

Ask : exchange 50% of USDC to USDT

Quorum : Gho 3 (15% quorum)

Option : Yes : exchange 50% of USDC to USDT
No : do not exchange 50% of USDC to USDT