Agreed, we should proceed as outlined above.
A good time to take profit on the LP tokens and build our $400K stablecoin stack.
Yep, let’s do it. Do we have specifics nailed down? How much would we want to buy from the dev fund and at what price?
$20K worth from the dev fund at market price.
There’s absolutely no need for the team to offer a below-market deal, you guys are underpaid as it is.
Once tomorrow’s staking rewards are withdrawn, we’ll be at $500K and we can convert $400K to stables, buy $80K of ETH, and pay $20K to the dev fund.
Also, why not put the $400K stablecoin stack into pDAI? Let treasury also enjoy the juicy APYs
Put it to a vote?
Don’t we also need $80k eth?
Agree on the market price for the Dev fund pickles. Or maybe the day’s low if the Devs want to be generous
Good catch, edited
For some reason I thought we were going with a PICKLE/USDC pool
$400k to the stablecoin stash is to
pDAI sounds wholesome.
Absolutely - I am all for the treasury depositing stablecoin funds in a safe but decent yield strategy, ie our own pDAI jar.
Great idea. Shows that the treasury itself has skin in the game when vested in pJAR 88. Also if this is done, suggest should be used as a marketing flag! “Look here DEFI degens… a cool 1/2 a mil in our own jar from treasury shows our trust in the project”.
I tried to outline this and marry it with PICKLE buyback:
Now that the Smart Treasury is near, this still sounds like a good plan to me.
This part, not so much