# [HIP-44] Treasury Diversification for Ongoing DAO Expenses

[HIP-44] Treasury Diversification for Ongoing DAO Expenses

This proposal is made with the same goals as the original [RFC] Treasury Diversification 2. Updated parameters are below.

Summary Sell 25% of Hop DAO’s ARB holdings (209,251 ARB) for USDC. This should raise approximately $408k for Hop DAO at current prices (~$1.95).

Motivation Hop DAO will need stablecoins to cover ongoing expenses. The current and future ongoing expenses that currently exist are:

[HIP-37] Authereum Labs Engagement Adjustment 1 Hop Community Moderator Compensation 1

Execution 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 1 address to the Community Multisig. The Community Multisig can then complete the sale in a series of transactions.

start

March 4, 2024

6:50 PM

end

March 11, 2024

4:38 AM

Voting

on-chain

Voting type

basic

Voters

Votes

3,529,177

Final Votes

closed

Against

0 HOP

For

3M HOP

85.58%

Abstain

509.1K HOP

14.42%

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%