RIP45: Use of treasury and pulse emissions to support growth of pxETH

Summary: The success of the Dinero protocol will be driven by the adoption of pxETH. Acquiring staked ETH market share will facilitate the ability to successfully propose and build blocks on the Ethereum network, which will create a flywheel for the Redacted Relayer and the DINERO stablecoin

Given the competitive nature of the ETH Liquid Staking Token market, the astute usage of Redacted DAO’s treasury, notably governance voting power, and BTRFLY pulse emissions will be essential to pxETH’s growth.

This proposal proposes that the Redacted DAO treasury and 5% of BTRFLY total supply from pulse emissions be made available for the purpose of launching and growing pxETH, for the year starting from mainnet launch of pxETH, to be managed by the Strategic Asset Committee.

The assets will be managed with the goal of increasing Dinero protocol adoption and fee generation. The aim of the Strategic Asset Committee will be to only use these assets in the most efficient possible way - these assets will not be used if there are no opportunities to use them in a way that positively impacts the DAO.

The 5% BTRFLY number represents an upper limit, and provides room for more growth if needed.