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Hidden Fish DAOHidden Fish DAOby0xE436c5c45D5B8b9DeDF37A59d9BE8AE7864b26CB0xE436…26CB

Portfolio Tool Continuation

Voting ended almost 3 years agoSucceeded

Based on the first questionnaire submitted, 64% voted for further developing the Portfolio Tool using the DAO's Funds and 36% voted against, but the sample size was too little.

The current Financial status of PoFo tool is that it is eating up the profits, and losing us money whilst keeping it up.

The ballpark for the up keep / maintenance cost without further developments is around 600-700 $ per month.

To give you a price point about development, our last dev payment was $5,000.

The Portfolio status is as follows: -around 40k in USDC -in total 130k in total portfolio value +/- 10k depending on how you calculate it.. (in floor price more.. avg price is almost double)

  • we have around 1k pending payments.. mostly from AWS, Moralis and such.. -And it's to be noted that we paid 1 year ahead of our server payments
  • 100k staked in our own validator and so far rewards from staking and validating are around 8k CRO
  • 280k CRO in FM
  • 230k CRO in VIP treasuries (in addition to staked CRO)

Based on the results after this question, we'll make another vote for the future of the Portfolio Tool.

Off-Chain Vote

Continue but downscale
3.75 HiFi3.1%
Stop the Tool
0 HiFi0%
Sell / lease the tool
116.25 HiFi95.3%
Develop the Tool
0 HiFi0%
Raise funds to upkeep the tool
2 HiFi1.6%
Download mobile app to vote

Timeline

Apr 22, 2023Proposal created
Apr 22, 2023Proposal vote started
Apr 24, 2023Proposal vote ended
Oct 26, 2023Proposal updated