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.