Gitcoinby
kbw.eth
Withdraw and leverage (partial) USDC balance in treasury
Summary
I propose we move 3M USDC from the treasury, into the CSDO multisig for the purposes of supporting workstream’s budgets such that workstreams can exchange GTC with USDC from the multisig instead of open markets. The goal is reduce the amount of GTC leaving the DAO. The plan is to target 40% of workstream budgets are issued in USDC instead of GTC.
Specification
Move 3M USDC to the CSDO multisig: eth:0x931896A8A9313F622a2AFCA76d1471B97955e551
This Gnosis safe is a 4/6 with other workstream leads in the DAO.
Vote
The vote will be a yes / no vote. Move the 3M in USDC to the CSDO mutlisig, or do not move the GTC. (with abstain as an option as well) 1 - Yes to move the 3M USDC to be used for workstream budgets (40%) 2 - No do not leverage the GTC
Off-Chain Vote
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- Author
kbw.eth
- IPFS#bafkreib
- Voting Systemsingle-choice
- Start DateJun 26, 2023
- End DateJul 02, 2023
- Total Votes Cast6.9M GTC
- Total Voters1.95K
Timeline
- Jun 26, 2023Proposal created
- Jun 26, 2023Proposal vote started
- Jul 02, 2023Proposal vote ended
- Apr 28, 2025Proposal updated