Hi Toby –
This post is a strategic outline for how to think about the Gitcoin DAO treasury at a high level. We are following this up with an asset management framework that can be used to execute treasury strategy.
We agree that diversifying partially into stables makes sense from both a working capital management perspective (e.g., funding workstreams and paying contributors) and an asset management perspective (e.g., holding assets with much lower correlation and standard deviation relative to $GTC for diversification purposes).
We are currently in the process of creating financial reporting and doing some legal work with Gitcoin Holdings on how best to implement these decisions.