MIP-2 Broad investment mandate

Co-Authors: CitizenX Maven11 Flow Ventures LP

Summary Merit Circle DAO raised $105,576,956 million in the Balancer Liquidity Bootstrapping Pool on Copperlaunch. The sale concluded on November 5th at 2 pm UTC after a 3 day raises period. After the conclusion of the sale, these funds were sent to the MainDAO in a 4 out of 7 multisig. We are proposing that the DAO have a broad investment mandate so as to enable our sizable cash position to be as productive as possible for the DAOs benefit. This mandate will be developed and may, at a later stage, narrow the investment mandate and may also create sub-mandates. All these future proposals will be voted on by the Merit DAO community, the $MC token holders, before they are enacted.

Abstract After concluding a record-breaking Balancer Liquidity Bootstrapping Pool on Copperlaunch there’s now a large cash position in the MainDAO’s wallet. This cash is currently sitting idle, and we are of the view that it should be being utilized to further the DAO and the Merit Circle’s objectives as soon as possible.

The complete proposal and discussion can be found here: https://gov.meritcircle.io/t/broad-investment-mandate/27/5

Are you in favor of MIP-2 (Broad investment mandate)?