Restructuring of Treasury Assets

Summary :bookmark_tabs:

Invest a portion of the Spool Treasury into Ethereum.

Proposal :mailbox:

Convert 100.000 DAI of the Spool treasury into ETH over the course of a maximum of 8 weeks to acquire some Ethereum at potentially lower prices.

Motivation :fire:

The Spool Protocol regularly requires ETH for various occasions, be it the multi-signature wallets, or contract operations like the DoHardWork function of the protocol. For that, we propose to acquire a total of $ 100,000 in ETH over the course of a maximum of eight weeks, and subsequently deposit it into a Spool Smart Vault to accrue some additional yield once V2 of the Spool protocol is released. Getting ETH in advance of its actual need could potentially save Spool DAO a significant amount of money and even be a great investment for the long term.

Vote :ballot_box:

With β€œYes” you vote to acquire $ 100,000 in ETH and stake it in an SV once V2 is released, and with β€œNo” you vote against these treasury adjustments.

Discussion :handshake:

The discussion around this proposal can be held in Spool’s governance forum. Feedback from the community will be taken into account before finalizing the proposal.

Timeline :clock130:

Submission period: October 30, 2023 β†’ November 6, 2023
Proposed voting period: November 6, 2023 β†’ November 13, 2023


New Proposal here