Should we diversify the DAO's treasury exposure to $MANA? V2

by 0x1d6dbc9ab48b6c6d743d176be7ddaf0e3589ed46 (Pedro)

Hi, the last proposal didn't pass the voting threshold by a bit, but I believe the proposal is important and an easy-fix to a potential risk of the DAO (too much exposure to $MANA) so I'm floating it again, and I'll try my best to do a bit more of outreach to get the proposal around.

Note: I am NOT affiliated with any of the spammers that will comment this proposal with their DAO management tools. If the proposal passes we will debate which specific tool to use (if any).

Here is the proposal:

The DAO treasury should, in my opinion, start diversifying its assets so that the community can protect against market risk related to the $MANA token. Current treasury portfolio can be reviewed here: https://governance.decentraland.org/transparency/

As can be seen, pretty much 100% of the treasury's assets are either on $MANA or $DAI (which is used mostly to paying out grants).

This is why I propose selling around 20% of the treasury's $MANA position replacing it with $ETH in a pre-announced progressive timeframe to avoid generate innecessary volatility in the $MANA token and generating a better token distribution. This can be done in the span of 12 months, on a monthly or quarterly basis.

• We should diversify the DAO's treasury
• We shouldn't
• Invalid question/options

Vote on this proposal on the Decentraland DAO