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Rarible Protocol DAORarible Protocol DAOby0xa15Ca74e65bf72730811ABF95163E89aD9b9DFF6eric_rsno.lens

Swapping $RARI for $DAI in the Rarible DAO

Voting ended almost 5 years agoSucceeded

Related forum post: https://gov.rarible.com/t/proposal-to-swap-some-rari-for-dai-in-rarible-dao/12123

copy below:

" Rarible DAO will eventual need to manage its treasury effectively to maximize returns (under our preferred risk tolerance).

Although we are super early, I do think we should have some amount of stablecoin in our DAO treasury. I’m proposing we convert ~$200K USD equivalent of RARI to DAI in order to pay proposers in a more stable currency.

Right now, proposers are asked to submit proposals in USD, so this will make payment a bit easier and proposers less likely to be affected by price swings. "

This proposal aims to swap USD ~$200K worth of RARI to DAI in order to pay proposers in DAI as an option. This exchange may be done in one or multiple transactions.

Off-Chain Vote

Vote FOR
3.87K 47.6%
Vote AGAINST
4.26K 52.4%
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Timeline

May 11, 2021Proposal created
May 11, 2021Proposal vote started
May 16, 2021Proposal vote ended
Oct 26, 2023Proposal updated