dHEDGE EcoDAO esteemed fellow councilors,
The formation of dHEDGE EcoDAO was supported by many dHEDGE DAO and to fund the operations of ecosystem and user growth initiatives a sum of 70k stablecoin + 50k DHT + 10 ETH was granted.
Currently the funds are sitting mostly idle on the EcoDAO multisig and are used mostly to fund monthly councilor’s reward and community initiative, I’d like to propose allocation of between 25k to 35k stablecoin to DTOP.
The rational behind it:
The funds were originally supposed to cover 4 to 6 months (as per the proposal from Feb. 2021). That period is already almost over and and given that most of the expenses thus far were in DHT, majority of the stablecoin in the treasury won’t likely to be used too soon and in the meantime it gets exposed to fiat currency devaluation by the various forms of QE programs lead by the fed.
Allocating up to $35k to DTOP would be a relatively less risky strategy and could result in increasing the EcoDAO’s operational cost runway.
Looking forward to hear feedback from the community.