#19 Should we swap ETH for USDC at certain thresholds?

As of the time of this writing, the price of ETH/USD is $1,175. That means that the value of the 168 ETH in the MeebitsDAO treasury is about $200,000.

This proposal is to capitalize on any positive swings in the price of ETH to maintain a base of operating funds and potentially grow our treasury from extreme volatility in the market.

It's simple: Using $1,200 as a baseline, if the price of ETH increases by $200, we swap 20 ETH for USDC.

$1,400: 20 ETH --> 28,000 USDC $1,600: 20 ETH --> 32,000 USDC $1,800: 20 ETH --> 36,000 USDC

After hitting each threshold, if the price of ETH decreases by $200, we "buy back" 10 ETH with a portion of the USDC.

This allows us to retain USDC for Operating Expenses while capitalizing on dips in the market.

The risk of this strategy is that the price of ETH continues to go up and the swap to USDC ultimately yields us less value. However, with our use of USDC for operating expenses and overall perception of the market, this may be an acceptable risk to take.

This strategy would sunset in 3 months, at which time we'll evaluate its success and propose the same or a different treasury management strategy going forward.