[HIP-38] Treasury Diversification

Summary Sell 50% of Hop DAO’s ARB holdings (837,007 ARB) for USDC. This should raise approximately $686k for Hop DAO at current prices (~$0.82).

Motivation Hop DAO will need stablecoins to cover ongoing expenses. This sale would be an initial step toward the broader goal of treasury diversification.

Execution Before an onchain vote, a deployment of the Hop Community Multisig should be deployed on Arbitrum. The onchain execution of the proposal will send a message through the Arbitrum messenger to trigger a transfer of the ARB currently in the Hop Treasury alias 6 address to the Community Multisig. The Community Multisig can then complete the sale in a series of transactions.

Voting Options Sell 50% of Hop DAO’s ARB holdings for USDC No action Abstain

start

September 29, 2023

6:08 PM

end

October 4, 2023

6:08 PM

Voting

off-chain

Voting type

single-choice

Voters

281

Votes

8,957,397

Final Votes

closed

Sell 50% of DAO’s ARB for USDC

6.8M HOP (delegated)

75.4%

No Action

958.3K HOP (delegated)

10.7%

Abstain

1.2M HOP (delegated)

13.91%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%