Thank you @Recce for your feedback and for expressing your concerns about the GTC price. We understand the frustration of seeing the token’s value decline significantly. However, it’s important to clarify that the strategies and overall mandate focuses on prudent treasury management – specifically, generating yield on idle assets to grow the reserves and improve the DAO’s financial sustainability.
Actively pushing the token price upwards is not within the scope of treasury management. Token price is primarily driven by market forces, adoption, and overall sentiment, which are influenced by a wide range of factors beyond the direct control of us as a treasury manager. Our expertise lies in responsible asset deployment and risk management to improve the long-term financial health of the DAO, which we believe ultimately contributes to the ecosystem’s strength and potential for future value appreciation.
Would recommend engaging with the various threads and posts on GTC utility highlighted by @owocki in this thread here for more context on the work being done re GTC utility etc.