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SiloSiloby0x9b8b04B6f82cD5e1dae58cA3614d445F93DeFc5c0x9b8b…Fc5c

Move ETH from SiloDAO's treasury to the development fund

Voting ended over 3 years agoSucceeded

You are voting to: 1- Move 897 ETH from SiloDAO's treasury to the development fund. 2- Authorize the core team to deploy ETH to silos in response to future snapshot votes. 3- Authorize the core team to rebalance ETH positions or withdraw ETH into the development fund if needed.

The funds can be moved back to SiloDAO's treasury at any time via a new governance proposal.

If this vote passes, an identical on-chain vote will be created to execute the transfer. Once funds become available in the development fund, we can vote to determine: 1- Silos that will receive ETH 2- ETH weight per voted silo

Why deploy ETH to silos?

  • Silos need initial liquidity to generate traction.
  • ETH sits idle in the treasury.
  • It garners trust in the protocol and encourages prospective depositors to deposit and borrow.
  • It opens up co-marketing opportunities with other projects.

Off-Chain Vote

Yes
13.55M SILO100%
No
0 SILO0%
Quorum:135%
Download mobile app to vote

Discussion

SiloMove ETH from SiloDAO's treasury to the development fund

Timeline

Aug 26, 2022Proposal created
Aug 26, 2022Proposal vote started
Aug 29, 2022Proposal vote ended
Oct 26, 2023Proposal updated