Author(s):

Zivoe Core Team

Summary:

This proposal will convert a total of ~69,399 USDC, ~3,311 USDT, and ~64 DAI—currently held by the DAO—into $M, a yield-bearing stablecoin issued by M0 that invests in U.S. Treasury Bills. As per this M0 Governance Vote, Zivoe is authorized to hold $M and earn yield. By transferring these stablecoins to the On-Chain Treasury (OCT_DAO) for conversion and subsequently returning the $M to the DAO, Zivoe can generate additional income on its stablecoin reserves.

Details:

The following actions will be taken upon successful execution of this proposal:

1. Transfer Stablecoins: Move ~69,399 USDC, ~3,311 USDT, and ~64 DAI from the DAO to the On-Chain Treasury (OCT_DAO).

2. Convert and Return Assets: Convert the transferred stablecoins to $M and return the resulting $M back to the DAO.

Smart Contracts:

DAO: 0xB65a66621D7dE34afec9b9AC0755133051550dD7

OTC_DAO Locker: 0xd702332915fDDf588793D54d63872a97ad78d108

Voting Options:

For: Convert stablecoin reserves to $M.

Against: Do nothing.