🎯 Goals:
- Swap 2k USD in GTC and 3k USD in ETH to Glo Dollar, totalling 5k USD in Glo Dollar for the DAO wallet.
- Join a coalition of organizations embedding philanthropic efforts into their treasury.
🏋️ Point of Contact:
amanda_maritan
💡 Description: Proposal to diversify the DAO wallet by converting some assets into Glo Dollar. Glo Dollar is a stablecoin pegged 1:1 to the USD, focused on philanthropic efforts.
Click here for a detailed description: DreamDAO x Glo Dollar swap
💚 Benefits: Joining a philanthropic coalition including Endaoment, Gitcoin, Giveth, Octant, etc. (More details at Glo Consortium). Contributing to efforts to end extreme poverty through the Glo Foundation, with each $20,000 of Glo Dollar market cap potentially lifting one person out of extreme poverty.
📈 Success Metrics:
- Successful conversion of 5k USD into Glo Dollar.
- Joining the Glo Consortium and contributing to philanthropic efforts.
💰 Tokens/ETH Requested: (Treasury control)
- 5k USD equivalent in GTC and ETH.
💸 Token Distribution: (Sponsors’ control)
- Allocation of converted funds into Glo Dollar.
Off-Chain Vote
For
6 SkywalkerZ85.7%
Against
0 SkywalkerZ0%
Abstain
1 SkywalkerZ14.3%
Quorum:64%
Timeline
Dec 13, 2023Proposal created
Dec 13, 2023Proposal vote started
Dec 16, 2023Proposal vote ended
Jun 19, 2025Proposal updated