by
0x51C2…5a1B
PIP-20: Use Excess Stablecoins To Purchase ETH
Voting ended almost 3 years agoSucceeded
Abstract JPEG'd DAO has approximately $29m in excess stablecoin balances. It also has a very low overhead. Use up to $10m of this excess stablecoin balance to purchase ETH.
Background JPEG'd DAO is run very lean and has relatively low overhead compared to it's excess stablecoin balances. With $15m stables and a profitable business the runway for the DAO is many years. We could use up to $15m of the excess stablecoins to purchase ETH. The purchase time and total amount would be up to the discretion of the multisig, but would likely be done over the course of several months.
Off-Chain Vote
Yes authorize up to $15m.5.44B JPEG100%
No do not authorize 0 JPEG0%
Quorum: 261%
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- Author
0x51C2…5a1B
- IPFS#bafkreia
- Voting Systemsingle-choice
- Start DateOct 16, 2022
- End DateOct 19, 2022
- Total Votes Cast5.44B JPEG
- Total Voters42
Timeline
- Oct 16, 2022Proposal created
- Oct 16, 2022Proposal vote started
- Oct 19, 2022Proposal vote ended
- Oct 26, 2023Proposal updated