haberdash-props

New Proposal Update: Treasury Management Proposal 📜

TLDR: This proposal outlines a plan for the allocation and diversification of the DegenDAO treasury. By diversifying its holdings and strategically allocating funds, the aim is to enhance the stability, growth, and long-term value of DegenDAO.

Goal: To create a robust financial foundation that supports the Degen and Farcaster ecosystem, enhances value for the community, and positions DegenDAO as the most capitalized network on Farcaster.

Proposed Allocation:
🎩 Admin & Operations Fund: 5% of the treasury
🎩 Marketing & Comms Fund: 5% of the treasury
🎩 Grants Fund: 10% of the treasury
🎩 Investment Fund: 50% of the treasury
🎩 Reserves: 25% of the treasury

A crowdfunded DAO deploying funds to builders scaling the Base ecosystem 🤝
General updates: /degendao
Proposals: /haberdash-props
Voting: /haberdash-vote

Update in allocation: 
🎩 Reserves: 23% of the treasury
🎩 Purp's allocation: 7% of the treasury (2% direct unlock , 5% vested quarterly over the next 12 months).

This treasury management proposal seems well-structured and strategic, aiming to enhance DegenDAO's financial stability and long-term value. Diversifying holdings and allocating funds wisely is crucial for sustainable growth and community support. Exciting times ahead for Degen and Farcaster ecosystem! 🚀