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Hector NetworkHector Networkby0xdEd584Cec710e2E3a313754194878D1137Bb8f580xdEd5…8f58

HIP-009 Multiple 500k Investments (5M Allocation)

Voting ended about 4 years agoSucceeded

Summary: Allocate 5M from the DAI treasury to perform 10 different medium-high risk investments (500k each) over the coming weeks.

Background: Our Market cap/RF treasury is incredibly healthy. The Treasury willl continue to be used for relatively safe investments with investment contracts. We aim for investments with stable yields of 20-25%. However, we asked for input from our community on 2022 plans. A common suggestion was to allocate a small part of our Treasury (5M proposed - less than 5%) into a few medium-high risk investments. Choosing the right projects, with the help of the community, will help us to potentially make great returns from which our protocol will benefit.

How will this work:

Every 500k Investment will be chosen by the community, from a list of 3 possible investments proposed by the team. The list of 3 will be made by the team, but obviously we are always open for suggestions! A sub-HIP will be placed online for each of the 10 proposed investments. When the sub-HIP ends and the project is chosen, the team will withdraw 500k from the Treasury to a secondary wallet and will perform the investment in the following hours. (We'll analyze the target project chart to find the best moment to jump in, and may do multiple smaller transactions instead of a big one). After the investment is made, the funds will be sent back to the Treasury contract.

Using the Earnings:

The team will decide on how to spend the earnings from the investments. One of the following 4 scenarios might occur:

  • Converting them to Stables and keeping them in the Treasury
  • Use them as buybacks (buy back contract)
  • Use them as prizes for giveaways/contests
  • Use them for marketing campaigns

Off-Chain Vote

Yes
62.59K 96.2%
No
2.46K 3.8%
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Timeline

Dec 30, 2021Proposal created
Dec 30, 2021Proposal vote started
Dec 31, 2021Proposal vote ended
Oct 26, 2023Proposal updated