Due to market volatility, WarriorMama and I (Boardshorts) propose converting a total 50eth (50/50 split between USDC and DAI) to hedge against a long-term drop in Eth Value.
The stablecoins will be held in the Safe Community Wallet until downside price targets are hit with a plan to buy back as follows: Note: 10 of the 50 Eth has already been converted at $1224
Sell 50 Eth $1,200.00 $60,000.00 Buy 20 Eth *$1,000.00 $20,000.00 Buy 20 Eth *$900.00 $18,000.00 Buy 27.5 Eth *$800.00 $22,000.00 Resultant Gain: 17.5 Eth
Note: because we are dealing with a multi-sig wallet that requires multiple signatures from different time zones, these numbers are subject to minor changes.