TIP-006 $500,000 investment from treasury, the runners up!

HIP-009 results

HIP-009 on the allocation of $5,000,000 from the DAI treasury to perform 10 different medium-high risk investments (500k each) over the coming weeks passed! Over 96% was in favor.

Background of the previous HIP-009

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.

As such we are launching the TIP governance system. A TIP is a Treasury Investment Proposal.

TIP-006

Here is the sixth vote on a $500,000 investment in a project chosen by the community. This time we let you choose between popular runners up from previous TIP's!

MATIC (governance token of Curve Finance) TSHARE (Tomb Finance Token) JEWEL (the token that powers DeFi Kingdoms)

After TIP-006 ends, we 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).

Thanks for your vote!