2025 Funds Proposal

Overview

This proposal addresses Treasury management of the DAOs WBTC holdings and the process for converting that WBTC into USDC . Once converted the USDC will be held as stable reserves and to cover any further development of the DAO.

Goals

Create a solid project base into USDC coin from the large gain we have made. We will still have exposure and further price targets should BTC increase further. This allows the team to act swiftly based on the BTC price and ensure that funds are managed efficiently based on the market and secure a large portion for the project future.

FrankenDAO Benefits

Manages the treasury funds well and makes sure the DAO has taken a prudent approach on gain which we have made to ensure the funds are stabled to extend the project runway. This will allow us to derisk on our position and secure healthy profits for the DAO going into the next cycle while leaving space for further upside potential should BTC run further.

Timeline

Feb-March 2025 - Sell 0.73 WBTC at a target price range of $105K - $115K.

Execution plan

Transfer 0.73 WBTC to the DAO Ops wallet to allow access for the team to make these transactions when the above process targets are hit .

Budget and fund utilization

Feb-March 2025 - Sell 0.73 WBTC at a target price range of $105K - $115K.

Total estimated USDC received- $75 000

What areas of the community does this touch?

General, FrankenPunks

Proposed transactions

Transaction #1 FrankenDAO sends 0.73 $WBTC to 0xb96B3d15FAA72b96f645f8E11732A4cC0E2592cA