@thehaberdashery
Voting for the 'Treasury Management Proposal' is now live once again!
Voting will be on for the next 72 hours ๐ฉ
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:
๐ฉ Admin & Operations Fund: 5% of the treasury
๐ฉ Marketing & Comms Fund: 5% of the treasury
๐ฉ Grants Fund: 10% of the treasury
๐ฉ Investment Fund: 50% of the treasury
๐ฉ Reserves: 23% of the treasury
๐ฉ Purp's Allocation: 7% of the treasury
https://frame.vote/vOKtGE82