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Mutant Cats DAOMutant Cats DAOby0xD2AE149dA9445d6476EA5d119410267dcE038a08yakuzah.eth

Should the DAO swap ETH for other cryptocurrencies?

Voting ended over 1 year agoSucceeded

After a productive discussion over the past few days, we would like to launch a vote aimed at diversifying our portfolio of tokens. Here are the three options:

Op1. Swap 50 ETH to BTC (7.5% of total assets)

Op2. Swap 50 ETH to BTC + Swap 12 ETH (2.0% or total assets) to a portfolio of meme coins that will include WIF & PEPE - the board will make the decision on the exact allocation and will execute the trades. Each position will have the following Stop Loss and Take Profit guardrails in relation to the price of ETH at entry: Stop Loss at -30% Take Profit at +100% (at that level half of the position would be sold, recuperating our initial investment and leaving the other half for hopefully further outperformance).

Op3. Do not swap any ETH

Off-Chain Vote

Swap ETH to BTC.
1.05K MUTCATS42.5%
Swap ETH for BTC, PEPE and WIF.
1.2K MUTCATS48.3%
Do not swap any ETH.
227 MUTCATS9.1%
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Timeline

Jun 16, 2024Proposal created
Jun 16, 2024Proposal vote started
Jun 18, 2024Proposal vote ended
May 12, 2025Proposal updated