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GitcoinGitcoinby0xc2E2B715d9e302947Ec7e312fd2384b5a1296099kbw.eth

Withdraw and leverage (partial) USDC balance in treasury

Voting ended over 2 years agoSucceeded

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

Yes to move the 3M USDC
6.89M GTC100%
No do not leverage the USDC
665.39 GTC0%
Abstain
967.46 GTC0%
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Discussion

GitcoinWithdraw and leverage (partial) USDC balance in treasury

Timeline

Jun 26, 2023Proposal created
Jun 26, 2023Proposal vote started
Jul 02, 2023Proposal vote ended
Jan 30, 2026Proposal updated