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The Haberdashery
@thehaberdashery
New Proposal Update: Treasury Management Proposal π 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: π© Admin & Operations Fund: 5% of the treasury π© Marketing & Comms Fund: 5% of the treasury π© Grants Fund: 10% of the treasury π© Investment Fund: 50% of the treasury π© Reserves: 25% of the treasury
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The Haberdashery
@thehaberdashery
Update in allocation: π© Reserves: 23% of the treasury π© Purp's allocation: 7% of the treasury (2% direct unlock , 5% vested quarterly over the next 12 months).
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YES2Crypto π© πͺπ‘
@yes2crypto.eth
Howβs the treasury now and whatβs going on with it? This is one of my more major investments and Iβd like to check in
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Eyemucu
@eyemucu
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! π
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