Executed

Withdraw $10MM of GTC to diversify our treasury and increase governance partners


Proposed by

Proposal ID

34

Governor

Gitcoin (deprecated)

Proposed

Aug 25th, 2022

Result details

182 addresses

6.19M votes

2.1M

892.24K

Final Votes

Quorum

Pending

Majority support

Yes

For

6.19M

Against

0

Abstain

0

Actions

Type

Address

Details

Proposal

With this vote we are moving $10MM in GTC to the same gnosis safe that has been used to diversify part of the treasury already - any amount not allocated as part of the diversification will be returned to the treasury.

The Snapshot vote passed, and we are interested in moving forward as a result. You can see full details here on the snapshot proposal: https://snapshot.org/#/gitcoindao.eth/proposal/0xc6655f1fb08259263693f9111a8cdaba6b726390e9dbb65eaa6ce41905ba297c

Further reading can be done at the two links below as well (original details and updated details):

Treasury Diversification rationale on the governance forums: https://gov.gitcoin.co/t/gitcoin-treasury-diversification/9698

Update on terms: https://gov.gitcoin.co/t/treasury-diversification-part-ii-welcoming-strategic-partners/9825/4

We are moving $10MM in GTC to the gnosis safe used to diversify part of the treasury already. Those details are as follows:

This is a 5/6 multisig. Signers on the multisig will be the the following Gitcoin Stewards:

  • Kyle
  • Annika
  • Shreyas / Llama
  • Kris
  • Simona
  • James / Fire Eyes

The Gnosis safe can be found here: 0x85e01c9E286A6b2bbc816Cf862911572eaa34F04

Final Votes

Quorum

Pending

Majority support

Yes

For

6.19M

Against

0

Abstain

0

Final Votes

182 addresses

6.19M votes

2.1M

892.24K

Status

Thu Aug 25, 08:49 pm

Draft created

Thu Aug 25, 08:48 pm

Published onchain

Fri Sep 9, 05:44 pm

Voting period started

Thu Sep 15, 08:08 am

Voting period ended

Tue Sep 6, 03:32 pm

Proposal queued

Thu Sep 8, 03:39 pm

Proposal executed