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The Haberdashery
@thehaberdashery
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
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The Haberdashery
@thehaberdashery
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).
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YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
was just going to ask bout the 23% in proposal vs 25% in summary; thx for updating it. So it doesn't seem specifically stated, but implied that there will be a ton of DEGEN being sold into stables. This is a concern of mine - seems maybe there's room for a vesting schedule, or unlock or something that would distribute this selling pressure over a longer period.
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shoni.eth
@alexpaden
This isn't clear at all, you're granting 7% of the dao treasury to purp and its not listed in the vote?
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