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PlanetPlanetby0xFd525F21C17f2469B730a118E0568B4b459d61B90xFd52…61B9

Diversifying Treasury Funds

Voting ended over 2 years agoFailed

We have a good amount of GAMMA in treasury as of now (2.73 million GAMMA). Proposal is to diversify some of the new funds coming into the treasury from now on.

Treasury wallet - https://debank.com/profile/0xb1825a0bb4bd2ac2c11846c3e8e0f80b90488f1c

Treasury receives funds from the following avenues

  • 3.5% of GAMMA emissions (24.5k GAMMA per week)
  • 5% of all fee collected from the platform.
  • GAMMA received as rewards for staking into GAMMA infinity vault and GAMMA-BNB pool (~20k GAMMA per week)

Proposal is to use the 5% fee and convert 50% of that to BTC and 50% to USDT. Keep the other GAMMA as is (emissions and rewards). Please note that some part of the proposed 5% is already used to buy and burn aqua as per an earlier proposal. That will continue to happen.

This should help diversify funds a bit and we can utilize BTC and USDT later on when we need to spend treasury funds for marketing etc.

Off-Chain Vote

Yes - go for it. Let's diversify
43.78K AQUA100%
No - adds sell pressure on GAMMA
0 AQUA0%
Quorum:73%
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Timeline

May 21, 2023Proposal created
May 21, 2023Proposal vote started
May 28, 2023Proposal vote ended
Oct 26, 2023Proposal updated