Asset Allocation of Treasury Diversification Funds

We’d like to give the opportunity for the DAO to express its thoughts on the token allocation of the recent treasury diversification funds (up to 25,200 BANK equivalent in ETH value).

By default 10 ETH shall be allocated and sent to the FLOAT Protocol Operations multisig to cover deployment costs for smart contracts. By weighting your votes accordingly you can show how the ~$1.2M (in ETH) from the treasury diversification, in your view, should be allocated between the assets listed below.

Motivation

The recent weeks have shown how volatile the crypto markets can be. To ensure Float Protocol can maintain and expand its position over the next few years, it is important that we can keep a baseline upkeep value during trying times of the market. The recent treasury diversification proposal ensures usage of the Treasury does not contribute to direct BANK price pressure, while still exposing its treasury to volatile movements of the ETH price. Diversifying the treasury into more stable assets is a way to reduce volatility of the treasury’s value additionally, putting unused parts of the treasury to work and generating yield is also a way to aid maintain a sustainable treasury.

Choices:

• DAI
• ETH
• FLOAT
• stETH