#57 Treasury Asset Conversion

Proposal to convert up to 100,000 USDT of treasury assets.

Background

The treasury holds approx. 2 Million USDT in reserves.

Motivation

MetaBID launches on 28 October 21, 2023, with the first auction(s) going live on 4 November.

Proposal

Convert up to 100,000 USDT to digital assets that will be auctioned on the MetaBID platform.

When purchased/converted the assets remain in the treasury until they are sold at auction for profit. The profit also remains in the treasury which is important to note i.e. 100,000 USDT is NOT leaving the treasury, it is being converted to other digital assets that will be auctioned for profit.

Budget

100,000 USDT

Vote Discussion

Join the discussion on this proposal in the MetFi DAO Discord and head over to the #vote-discussion channel.

Proposal

If the community approves this proposal with a FOR vote – up to 100,000 USDT will be converted to other digital assets that will be auctioned on MetaBid.

Please vote FOR to approve this proposal or AGAINST to block this proposal.