Pixelsweepers is committed to ensuring the long-term health and growth of its treasury, seeking sustainability and value appreciation for its community members. Through this DAO proposal, we address concerns surrounding SquadSwap and propose strategic actions to mitigate risks and optimize treasury management.
Concerns:
Proposed Actions:
Considering the aforementioned concerns, the following actions are proposed:
Reducing Position on Squad Tokens: The DAO will decide whether to decrease the treasury's position on Squad tokens. Funds generated from this action will be redirected towards staking BNB on validators, enhancing revenue streams and decentralization efforts.
Threshold Implementation: Establishing a threshold for selling Squad tokens within a specific market capitalization range (e.g., 3.5 - 5 million MC) ensures disciplined treasury management, preventing hasty decisions driven by short-term market fluctuations.
Voting Process:
This proposal will undergo a two-stage voting process:
Stage 1: Members will vote "Yes" or "No" on the proposal. If the proposal receives majority approval, it proceeds to the next stage.
Stage 2: In the event of a "Yes" vote, subsequent voting will determine the extent of the reduction in Squad token position. Members will choose from predefined options, reflecting varying degrees of reduction. So for Stage 1 Shoukd Pixel Sweeper treasury sell Squads token?