Conclave Treasury Allocation
Abstract | Two or three sentences that summarizes the proposal.
This proposal seeks to convert 10% of the Conclave’s treasury from USDC to ETH.
Motivation | A statement on why the WAGDIE Community should implement the proposal
There are 2 main motivations - operational and financial.
- There have been several proposals (WIP2, 4, 8) that required ETH payments. The allocation will act as a reserve for future proposals that require ETH.
- Some creators would be willing to take ETH for payments within reasonable price windows: e.g. A 5E request at $1500 is still acceptable if ETH falls to $1000.
Rationale | An explanation of how the proposal aligns with the WAGDIE Community’s mission and guiding values.
Treasury management is a difficult subject. We want to emphasize this allocation is geared more towards operational expenses with the added possibly of increasing the overall value of the treasury in the future. To that extent, we’ve capped the vote at 10%.
Specifications | A detailed breakdown of the platforms and technologies that will be used.
A decentralized exchange like Uniswap to convert the USDC to ETH.
Steps to Implement | The steps to implement the proposal, including associated costs, labor, and other resources for each step where applicable.
The community will vote to allocate 10% of the Conclave’s treasury to ETH. If/when the vote is passed, the 10% will be converted from USDC.
Timeline | Relevant timing details, including but not limited to start date, milestones, and completion dates.
Implemented 1-3 days after the vote is passed.
Overal Cost | The total cost to implement the proposal (in ETH).
Gas fees to convert USDC to ETH. Any potential loss in value of ETH against USDC.