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SiloSiloby0x9b8b04B6f82cD5e1dae58cA3614d445F93DeFc5c0x9b8b…Fc5c

Deploy ETH to active silos

Voting ended over 3 years agoSucceeded

The following proposal will be used to guide the core team's deployment of the 897 ETH following SiloDAO’s successful vote on SIP-15.

This proposal recommends that we deploy 450 ETH to 9 silos at the rate of 50 ETH per silo.

The goal of the ETH deployment is to bootstrap ETH liquidity in live silos and generate initial traction.

The core team can rebalance deployed ETH among silos depending on the utilization of ETH in each market. Community members can suggest rebalancing strategies either via snapshot votes or informal conversations in the DAO’s communities (governance forum, Discord, etc.)

While we're only deploying 450 out of 897 ETH available, more ETH can be deployed to existing or/and new silos if need be, pending future snapshot proposals.

NOTE: The ETH will only be deployed after Ethereum mainnet merges successfully to minimize risk.

Vote Yes - I agree with this proposal No - I want ETH deployed differently No - I disagree with this proposal

References: SIP-15 Executed: https://etherscan.io/tx/0x1f4c8c307c2a4471f45f1bba2fb2f0eebaef58909588e0c0a5cbfef5cbe6cac5

Off-Chain Vote

I agree with this proposal
25.31M SILO100%
I want ETH deployed differently
0 SILO0%
I disagree with this proposal
0 SILO0%
Quorum:253%
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Discussion

SiloDeploy ETH to active silos

Timeline

Sep 12, 2022Proposal created
Sep 12, 2022Proposal vote started
Sep 15, 2022Proposal vote ended
Oct 26, 2023Proposal updated