Should the wBTC held by the Gravity DAO be unlocked and invested?
The DAO is currently holding 0.79 wBTC worth approx $52,000 It has been suggested by several members that the wBTC should be unlocked and used to earn revenue for the DAO.
This vote is a simple "Yes" or "No", with the majority deciding the direction. IF Yes does win, this does NOT mean that the funds have to be invested, if a suitable investment is not available or does not pass a second-round of voting the funds would remain in the DAO treasury untouched, this vote simply decides if using the wBTC is even an option at this time.
1 - Should the wBTC held in the Gravity DAO Treasury to be used to invest into Yield-Earning products and/or Real World Assets (RWA)
Yes / No
NOTE: If vote results in Yes, the DAO will hold further discussions about what products are an option to invest into. During these text-based discussions that will take place in a new channel in the Discord server, everyone will be able to put forward ideas for the use of the funds for investment.
Any ideas put forward during the discussion period will be considered thoroughly by a team of DAO-selected members who want to take part in the vetting-process. Any comments or concerns will then be put forward to the DAO for further discussion before any final decisions or investments are made.
A final round of voting will be held after research is concluded where the DAO will decide what products to invest into. If no suitable products pass the vetting process the funds will remain in the treasury untouched. If multiple suitable products are identified allocations to each can be discussed and voted on.