Creation of SquidDAO ‘Investment Team’ and Election of Nominees

Intro: SquidDAO is an ETH investment fund. And with ~$48M, SquidDAO needs full-time investment managers to oversee the DAO’s portfolio and investment strategies. Additionally, SquidDAO needs to retain the ability to act fast and ape without public governance proposals.

This is a proposal to 1/ establish a 5 person investment committee 2/ Elect the 5 nominees (Super Ratios, BigSquid, Edo, 0xSquidSteed, Homme)

** formal SquidDAO governance can veto / overrule any decision made by the investment committee ** There were only 5 nominees on discourse … so no need to vote members, only approve subset of 5 members

For more on this proposal -- review Edo’s discourse post: https://discourse.squid.xyz/t/creation-and-election-of-squid-dao-investment-committee-new/154

Proposal: 1/ Establish Investment Committee with 5 members - votes need 3/5 to pass

The Investment Committee will convene to engage in activities related to Squid DAO’s investable/deployable treasury assets and communicate decisions to the ‘core team’. These may include, but not limited too:

• Active management of the deployed treasury portfolio
• Strategic & tactical allocations
• Risk management
• Strategy research and analysis
• Implementation/deployment of assets
• Creation of the DAO’s investment policy framework (and any resulting Policy Statements)
• Collaborating with business development resources to source, vet, and onboard DeFi partners with strategies beneficial to Squid DAO.
• Communicating and Policy Team and Marketing Teams

Compensation Each member of the investment will receive $2k of sSquid each month. Compensation will be 2x policy team — as investment team members need skin in the game to ensure incentives are aligned.

Re-election At the end of every quarter, anyone in the community is allowed to call for a new election. If no election is called, members automatically remain the same. DAO governance as the ability to vote to remove anyone at anytime.

Rationale:

SquidDAO needs to move fast. Electing an experienced investment committee will enable the DAO to swiftly make new investments, and reposition the portfolio where necessary.

For:

1/ Establish 5-person Investment Committee

2/ Elect 5 nominees — Super Ratios, BigSquid, Edo, 0xSquidSteed, Homme

Against:

Do Anything.