Hi Huxwell, thank you for the questions here. We do have a thread with updates here in case it’s helpful.
To provide a little more detail: the working group is still actively working on the diversification, but the process has been slower than we initially expected for a few reasons. Most notably, market conditions weakened over the past few months and demand for publicly traded governance tokens from institutional partners slowed down. Kyle has written about this in more detail in the thread linked above. We’re still in talks with potential partners and are exploring alternative mechanisms that will allow Gitcoin DAO to have stables in the treasury.
I agree with your final point; during the next bull run we should proactively think about diversifying the treasury to protect against drops in GTC.