Hi @umarkhaneth - please see my comment above regarding the timing of the treasury diversification, as well as this thread for more details. Unfortunately it’s not quite as easy as simply swapping GTC into DAI or USDC; while Gitcoin DAO might have been able to get some stables by doing so, there is not enough liquidity to do so on-chain in a timely fashion. Had we swapped GTC on the open market, we would have experienced material slippage and a negative price impact on GTC. Further, selling GTC in the open market would have resulted in the token ending up in the hands of short-term holders; the benefit of working with institutional partners is that we can select partners who are aligned and long-term oriented.
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