This proposal seeks to sell 50% of $GOHM for stablecoin $FRAX
Reasons: -too high a % of our treasury is in volatile asset GOHM -we shouldn’t be gambling our treasury -we can’t farm with it either, it’s just idle risk
Execution: -Bridge back to mainnet Ethereum -Use a multisig there -TWAP at a size deemed best by team -OR / Utilize Olympus inverse bonds if feasible -OR / any other method where centralized risk has been mitigated + it yields the best value for our treasury (team’s discretion)
Governance: -The vote is binary YES/NO
RFC on DISCO: https://discord.com/channels/872472403970768916/893821003514408970/982748089427329064