Squad: Treasury Department
BanklessDAO treasury has 1,935 FEI, we need to swap out of this stable into USDC to reduce risk BACKGROUND BanklessDAO treasury received some FEI as part of a research grant. In order to reduce the risk on the DAO treasury, we suggest getting out of this position.
The treasury dept has approved this swap here
If approved, the follow transaction will be initiated
BDAO multisig would submit a swap transaction to swap 1935 FEI into USDC
- Get approval on the forum proposal
- This proposal is presented as a patch as it does not alter the constitution
- Take to Snapshot for final ratification