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.