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TheLandSafe TreasuryTheLandSafe Treasuryby0x4Aae18276f8C03eb0cf914d83DeF2e5467Cf66790x4Aae…6679

Convert 50 eth to USDC/DAI

Voting ended about 3 years agoSucceeded

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.

Off-Chain Vote

yes
313 LAND56.1%
no
245 LAND43.9%
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Timeline

Nov 17, 2022Proposal created
Nov 17, 2022Proposal vote started
Nov 19, 2022Proposal vote ended
Oct 26, 2023Proposal updated