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PopcornPopcornby0x345C21c8b3b39E345c5AeBc60C2f9a8e0051aA4a0x345C…aA4a

Popcorn Auction treasury ($6 mm USDC) be allocated into crypto as stated below and out of the petro dollar?

Voting ended about 4 years agoSucceeded

Move the full treasury (about $6 mm USDC) to the following assets

BTC - 30% , Store of Value, takes the place of cash without the petro dollar violence

SOL - 30% , this is the new ethereum, faster, cheaper, aligning w SBF

FTM - 30% , similar to SOL but Andre and Daniele are the top builders in the space - aligns w/ top defi eth community

LDO - 10% , leveraged bet on proof of stake, lido.fi is a better version of staking. all the big $ in crypto is behind lido. this can align popcorn community w/ leading pos protocol.

These assets can all be managed via multi sig OR can be managed via a trustee (e.g. Popcorn team member or outside counsel)

This was put to a vote in the popcorn forum (https://forum.popcorn.network/t/popcorn-dao-treasury-into-btc/223/4) with majority voting for allocating to BTC. The proposal has been updated to allocate to proof of stake assets.

Off-Chain Vote

Yes
256.11K 31.9%
No
546.52K 68.1%
Download mobile app to vote

Timeline

Jan 02, 2022Proposal created
Jan 02, 2022Proposal vote started
Jan 04, 2022Proposal vote ended
Oct 26, 2023Proposal updated