Summary

This proposal authorizes the transfer of 6,000,000 LCAI from the Treasury for conversion into stablecoin, with the converted assets returned to the Treasury to establish an operational buffer. This buffer will enable the DAO to pay approved expenses directly from the Treasury without requiring conversion through the Deployer each time.

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Motivation

As Lightchain AI approaches mainnet launch and continues ongoing legal, compliance, and operational efforts, the project is incurring real-world expenses that require payment in stable, widely accepted assets.

Currently, the Treasury holds LCAI, and conversions into ETH or stablecoin must be executed externally via the Deployer. This introduces additional steps and dependency on the Deployer for conversion prior to payment.

Establishing a stablecoin buffer within the Treasury improves efficiency by allowing approved expenses to be paid directly, while maintaining full transparency and governance control. This proposal complements previously approved operational funding by establishing a controlled buffer within the Treasury, rather than replacing or duplicating prior allocations.

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Proposal

Authorize the transfer of 6,000,000 LCAI from the Treasury to the Lightchain AI Deployer address (0xfbE810101064E326f871bf20576d8e42C75d5Dd7) for the purpose of conversion into stablecoin (e.g., USDC or USDT).

Authorize the Lightchain AI Core team to convert the transferred LCAI into stablecoin, with conversion executed via the Lightchain AI Deployer, and return the converted assets to the Treasury contract.

The intent is to establish an operational stablecoin buffer within the Treasury to support near-term expenses.

All resulting transaction hashes from both the conversion and return transfers must be publicly shared for verification.

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Rationale

The Treasury contract currently supports token transfers but does not include native swap functionality. As a result, conversions must be performed externally.

By establishing a stablecoin balance within the Treasury, the DAO can streamline operations while preserving governance oversight. Payments from the Treasury will continue to require DAO-approved proposals.

This approach improves operational readiness without introducing additional trust assumptions or modifying existing contracts.

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Execution

The Treasury will transfer 6,000,000 LCAI to the specified Deployer address.

The LCAI will be converted externally into stablecoin via the Lightchain AI Deployer.

The converted stablecoin will be returned to the Treasury contract.

All transactions will remain publicly verifiable on-chain.

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Constraints

Limited to transferring 6,000,000 LCAI for the stated purpose.

Funds are to be used for operational expenses only (e.g., legal, compliance, listings, and related activities).

Any spending of the stablecoin held in the Treasury will require separate DAO-approved proposals.

All conversion and return transactions must be publicly shared and verifiable.

This proposal does not authorize additional transfers beyond the stated amount and purpose.

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Voting Options

FOR: Approve the transfer of 6,000,000 LCAI, conversion into stablecoin, and establishment of a Treasury operational buffer.

AGAINST: Do not authorize.

ABSTAIN: No opinion.