Econ WG: Phonon for Stables

Economics Working Group:

Authorize exchange of PHONON for stable coins

Background: Calculating budgets is difficult when almost the entire treasury fluctuates in value. The Economics Working Group recommends the DAO build a reserve of stablecoins to use for payouts, which will allow the DAO to better understand its spending outlook.

Details: The DAO authorizes the Economics Working Group to arrange favorable private exchanges of $PHONON token in order to raise the DAO stablecoin reserve up to a maximum of $500,000.

The authorization will last until the DAO has received a total of $500,000 in stablecoin through $PHONON token exchanges, or until the Economics Working Group chooses to relinquish it.