Proposal 058: Sell 50% of the ReidarDAO $APE when valued above $11.50, use extra $ETH from treasury buy MAYC

Proposal 058: Sell 50% of the ReidarDAO $APE when valued above $11.50 ($0.34 above current calculated resistance levels), and use the $ETH generated (as well as extra $ETH to cover the rest of the price of a MAYC asset. This proposal comes with the expectation of the establishment of a MAYC committee. When: Immediately when $APE>$11.50

Context:Otherside, Land Airdrop, everything that @Waabam said

Why:

• High likelihood of premium otherwise airdrop
• MAYC expose, which would 1. Help diversify DAO Yuga labs holdings and 2. Could capitalize on a possible appreciation of MAYC compared percentage-wise to BAYC (based on the quality of the parcel airdrop)

Bear Case:

• Ape does seem to have strong support around $11, which could indicate that $APE has potential for high growth in the future
• There is no concrete way to predict how well $APE will do compared to MAYC until the parcel airdrop happens (odds are they are correlated/directly proportional, so not ultra high risk in 1 or the other
• Extra $ETH to buy MAYC asset could outperform $APE or MAYC in a bear case