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GitcoinGitcoinby0x8F48282e50B0210bd7c7DD69C54205E98b9Ef5D9coachj.eth

[GCP-014] - Exchange $100k USDC in matching pool funds for $100k Glo Dollar

Voting ended about 2 years agoSucceeded

The GloDollar team proposes that Gitcoin exchange 100k of its matching pool USDC for 100k Glo Dollars, the stablecoin that helps end extreme poverty, and plan to hold the Glo Dollars for at least 12 months.

The Gitcoin matching pool currently holds a little over $13 million of assets. Exchanging $100k for Glo Dollars would mean swapping approximately 0.7% of the matching pool funds for an equivalent amount of Glo Dollars.

The proposal for the vote is a yes / no vote:

Swap $100,000 USDC in matching pool funds for $100,000 Glo Dollars, or do not swap.

Off-Chain Vote

Yes swap
5.45M GTC83.5%
No do not swap
1.08M GTC16.5%
Quorum:261%
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Discussion

Gitcoin[GCP-014] - Exchange $100k USDC in matching pool funds for $100k Glo Dollar

Timeline

Oct 30, 2023Proposal created
Oct 30, 2023Proposal vote started
Nov 06, 2023Proposal vote ended
Aug 07, 2024Proposal updated