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RomeDAORomeDAOby0xf377b8992f0799A2d58Cbd493bB992c728405eDd0xf377…5eDd

RIP-22: Sell 50% of treasury GOHM for stablecoin FRAX

Voting ended over 3 years agoSucceeded

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

Off-Chain Vote

YES
71.07K sROME33.7%
NO
139.6K sROME66.3%
Quorum:281%
Download mobile app to vote

Discussion

RomeDAORIP-22: Sell 50% of treasury GOHM for stablecoin FRAX

Timeline

Jun 10, 2022Proposal created
Jun 10, 2022Proposal vote started
Jun 13, 2022Proposal vote ended
Oct 26, 2023Proposal updated