Executed

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


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kbw

kbw

ID 34

ID 34

Gitcoin (deprecated)

Gitcoin (deprecated)

Proposed on: Aug 25th, 2022

Proposed on: Aug 25th, 2022

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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

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