As it stands - I’ll be voting no on this proposal.
While the changing of hands at Avantegarde makes sense to improve or change the relationship, without a related plan as to what to do with the funds (moving to another provider or DAO treasury diversification strategy) we’re exposing those funds to volatility and market conditions without a dedicated plan. As proven by even this proposal, if the funds are returned to the timelock the community is looking down the barrel of 3-4+ weeks in order to execute any action that would rebalance the portfolio or take advantage of the market.
AG has reported monthly on the funds and I’ve repeatedly presented the location of the funds and their amounts/portfolio. I haven’t seen a further public ask from the community, and the treasury state is also public. You can find the assets here.
Are these being returned to the DAO or the time-lock (as per the voting options)? .. who would be the signers on the DAO controlled wallet if not returned to the time-lock?
I appreciate your confidence here @LuukDAO but I disagree. In the year+ that the funds have been managed by AG, there have been no further proposals on managing the existing funds in the treasury nor any request for information or dashboards related to the org’s funds. This leads me to believe that this vacuum will remain that way until there is a proposed partner, committee/council or strategy.
I can appreciate the strategy in taking back control of the funds but without a plan to maximize the opportunity I think this proposal is only halfway there.