Invest a portion of the Spool Treasury into Ethereum.
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.
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.
With “Yes” you vote to acquire $ 100,000 in ETH and stake it in an SV once V2 is released, and with “No” you vote against these treasury adjustments.
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.
Submission period: October 30, 2023 → November 6, 2023
Proposed voting period: November 6, 2023 → November 13, 2023