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

by 0x1d6dbc9ab48b6c6d743d176be7ddaf0e3589ed46 (Pedro)

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