HIP-29: Proposal to Sell $500k Worth of ETH to Weather Market Volatility

Voting ended 10 months agoSucceeded

Summary This proposal recommends selling $500,000 worth of ETH from the HairDAO treasury to strengthen our stablecoin reserves and provide a buffer against near-term market volatility.

Motivation Crypto markets are inherently volatile. Converting a portion of our ETH into stablecoins ensures we can continue funding operations, research, and contributor payments without being forced to sell during a downturn. This move enhances runway and positions HairDAO for long-term resilience.

Off-Chain Vote

For

51.98K vHAIR100%

Against

0 vHAIR0%

Abstain

0 vHAIR0%

Quorum:104%

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Timeline

Mar 28, 2025Proposal created

Mar 28, 2025Proposal vote started

Mar 31, 2025Proposal vote ended

Apr 01, 2025Proposal updated