Summary

This revote serves to determine if the DAO should covert $5M GTC to stables and transfer it to the newly established diversification wallet. The full proposal can be found here: https://gov.gitcoin.co/t/proposal-sgtm-001-converting-5m-gtc-to-stables/18583

TL;DR:

We are asking for $5M in GTC from the treasury to swap into stables and put back into the treasury to be prepared for the next bear market. We’ll repeat this cycle with additional proposals once the cycle from this proposal has been completed. We aim to lay the tracks for a longer Gitcoin runway.