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Hydranet DAOHydranet DAOby0x842b5Cef406bE23E59A7Cf9B0f48DDd6C7D886Fa0x842b…86Fa

Treasury diversification - DAO vote #13

Voting ended over 3 years agoSucceeded

Should we add new assets to the HDX treasury?

Our treasury currently consists of GLP, a token representing USDC, ETH, WBTC, DAI, USDT, and more.

The GLP contracts have multiple audits, but we want to limit our exposure to smart contracts in general, so we are considering adding more native/spot assets.

Some notes: These assets will get held in the same 3-6 multisig that manages the GLP. The assets will also get mentioned in the monthly financial recaps. We currently plan to have a mix of (at least) 50% GLP and ( a max.) 50% new assets.

Possible additional tokens:

  • ETH (on Arbitrum)
  • DAI (on Arbitrum)
  • native BTC (alternatively wBTC)

This leads to the following question: Should we add more assets or only hold GLP?

Voting ends in circa 3 days.

Off-Chain Vote

Yes, add more assets
10.43M HDX95.6%
No, only hold GLP
485.19K HDX4.4%
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Timeline

Sep 22, 2022Proposal created
Sep 22, 2022Proposal vote started
Sep 25, 2022Proposal vote ended
Oct 26, 2023Proposal updated