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HopHopby0xA2b15ce187165bC1723Df411d9887d738FabE5f7francom.eth

[HIP-44] Treasury Diversification for Ongoing DAO Expenses

Voting ended almost 2 years agoSucceeded

This proposal is made with the same goals as the original [RFC] Treasury Diversification 2. Updated parameters are below.

Summary Sell 25% of Hop DAO’s ARB holdings (209,251 ARB) for USDC. This should raise approximately $440k for Hop DAO at current prices (~$2.10).

Motivation Hop DAO will need stablecoins to cover ongoing expenses. The current and future ongoing expenses that currently exist are:

[HIP-37] Authereum Labs Engagement Adjustment 1 Hop Community Moderator Compensation 1

Execution The onchain execution of the proposal will send a message through the Arbitrum messenger to trigger a transfer of the ARB currently in the Hop Treasury alias 1 address to the Community Multisig. The Community Multisig can then complete the sale in a series of transactions.

Off-Chain Vote

For
4.85M HOP100%
Against
172.4 HOP0%
Abstain
0 HOP0%
Quorum:1616%
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Discussion

Hop[HIP-44] Treasury Diversification for Ongoing DAO Expenses

Timeline

Feb 21, 2024Proposal created
Feb 21, 2024Proposal vote started
Feb 26, 2024Proposal vote ended
Mar 04, 2025Proposal updated