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

avatar
Hop by
francom.eth
on
March 4, 2024, 6:49 PM

[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.

Warning

Exercise caution when exploring DAO proposals. Proposals can be submitted by any member of the community so there's an inherent risk of encountering scams or deceptive links. Always critically assess the validity of each proposal and its links before taking action.
start
March 4, 2024
6:50 PM
end
March 11, 2024
4:38 AM

Voting type
basic
Votes
3,529,177

Final Votes
closed

Against
0 HOP
0%
For
3M HOP
85.58%
Abstain
509.1K HOP
14.42%