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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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Purp🇵🇸
@purp
Treasury is going to stay as is, this is just more so an allocation of focus so to speak( beyond my allocation, but like my allocation will be as is, I won't trade anything in the safe to keep it preserved)
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