Hi,
correlation is not the core issue, below is how I would evaluate, take an analogy of two start-ups, deciding whether to swap some of their shares.
In general, try not to distribute equity to less-relevant stakeholders; manage non-core portfolio can be distracting. So the justification can be: there will be additional supporting coming from the other side (premium price, industry connections or advancement that is difficult to buy with money directly).
Diversity treasury does not sound attractive to me;
Would love to see more benefit about point 1 and 3 discussed.
- Deepen bonds between our communities
- Diversify our treasuries
- Provide governance power in each other’s community