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SkvllpvnkzDAOSkvllpvnkzDAOby0x119b49A1C266c67656d098c320b697cC5Ce94C43taekwonkrypto.eth

Sell some E to USDC to hedge against downside risk, with plans to buy back in

Voting ended over 3 years agoSucceeded

The SKVLLDAO currently has ~15E in it. With the uncertainty of the global market (global recession concerns), this proposal aims to sell some E with plans to buy back more.

With the E merge coming, maybe E runs, and we lose some upside, but then maybe E sells off and we gain upside. Such is the way of this, but currently we are 100% exposed to E.

This proposal aims to sell (4) E or roughly 25% of the funds to USDC with 3 options:

A - sell over time

1E at ~$1500 (so right now) 1E at ~$1600 1E at ~$1700 DAO to USDC 1E at ~$1800

B - sell right now 4E around $1500

C - sell if we pamp 4E around $1800 And then revisit buying back in to E starting below $1200.

Skvlldao ETH address https://etherscan.io/address/0xcda2e4b965eca883415107b624e971c4cefc4d8c

If this is the E bottom and we never go lower, then we can discuss what to do with the USDC.

Off-Chain Vote

Sell 4E at various levels
10 SKVLLZ100%
Sell 4E now
0 SKVLLZ0%
Sell 4E later
0 SKVLLZ0%
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Timeline

Jul 18, 2022Proposal created
Jul 18, 2022Proposal vote started
Jul 19, 2022Proposal vote ended
Jan 17, 2024Proposal updated