Proposal: Perform minimal treasury diversification

Background

Right now the DAO is very well capitalized, but it just holds NATION and some ETH. NATION is the most important asset for the DAO to hold, as it's the heart of the community when it comes to economic alignment. ETH is also fine as it's the platform that makes this all possible. However, the DAO might need some other tokens in order to hedge market risk, and also to pay certain providers that would only take fiat, therefore needing stablecoins (to interact with the physical world).

Proposal

Because of the initial liquidity seeded by the DAO in the Balancer pool, the DAO has generated some profits.

I propose to withdraw some ETH from the Balancer pool, and to withdraw 50 NATION from the DAO's treasury. We can do this at the same time or just after kickstarting liquidity rewards, since there will be significant liquidity then.

Specifications

• Withdraw some ETH (to vote on) from the Balancer pool, and keep it in the DAO.
• Withdraw 50 NATION from the DAO to 0xbac3ab60a1643e5f5de8eb62cb4bb232711d9dcd (address I use for Nation3) to be diversified into WBTC. The reason for doing this is that we need to do one trade a day, to not impact the market's price, and the DAO's voting time is 2 days, so it's infeasible. In the future we won't do it like this, since it requires trust (see final section).
• With current volumes, diversifying 50 NATION should be done over at least 5 days to not impact the price.
• Pay back 13 ETH to Luis (myself), which is the amount of ETH I lent to the DAO to seed initial liquidity in the Balancer pool. Proof.

Future proposal

This is a one-off proposal for now. In the near future, we should create a committee of experts in treasury management who can have some leeway in managing some of the DAO's funds. Such proposal will require more thought, but should come soon.