DCA $5,000 (16% of USDC Treasury) into stETH and rETH over 20 weeks

At the moment we have 31,305.666 USDC sitting in the treasury doing nothing. Given the market dynamics and our belief in the future upside value of ETH, I propose to dollar-cost-average $5,000, which is 15.9% of USDC treasury value, into liquid staked ETH tokens over 20 weeks.

Investing in liquid staked ETH tokens lets us capitalise on the yield generated by the tokens through staking, but presents an additional risk to the investment. stETH, by Lido, and rETH, by Rocketpool, are the two most popular liquid staking tokens with the highest adoption. By diversifying between the two we minimise our exposure to each token by $2,500.

This proposal also decreases our exposure to USDC, which is something that has been discussed since the last USDC depeg.

Operationally I propose that we purchase $250 worth of stETH tokens one week, and $250 of rETH the next week. We will start the week after the proposal has passed. Trades will be executed on Tuesdays, if we forget they may be executed on Wednesdays. This is based on (old) data that suggests Tuesday is the best day to DCA:

https://www.reddit.com/r/CryptoCurrency/comments/pepuzw/best_day_of_the_week_to_dca

Please see the discussion starting June 20th in the "Investments & Grants" Channel on telegram for more info.