Treasury Diversification Part II - Welcoming Strategic Partners

Hey everyone, I want to revise this thread as we are making progress on the terms. We have negotiated details with a handful of great community partners to begin our Treasury Diversification process. Protocol Labs is one of the leading partners. We have already been working with Protocol Labs in a number of ways - Schelling Point, Impact certificates, IPFS data stores on Ceramic in passport, etc.

Here is the tl;dr

Partners will be obtaining our governance token at a 17.5% discount on the 30 day price average. It will come with a one year lock up to ensure those participating actually stay for and use their governance tokens. After the 1 year lockup, tokens will be begin to unlock linearly over a year in the event these partners no longer want to participate in governance (after two years fully unlocked).

Based on these terms, I am requesting $10MM from the treasury at a 30 day price average minus the discount (when submitting to tally).

Once we have the GTC, we can move it into a Hedgey pool and lock participation to those who are whitelisted from the community (perhaps those with a moonshot bot :thinking:). I am optimistic that a few more folks may jump into the pool as most folks who have shown interest have said they want to see final numbers once the pool is established. Universally Gitcoin is loved, and our mission is appreciated.

Here are the next steps:

1 - Move to snapshot given the support in the original post
2 - Assuming Snapshot vote is approved, move to Tally to pull out GTC
3 - Move GTC to Hedgey pool with defined terms
4 - Pool would be open for 30 days to invite outside participants

Let me know if you have any questions!

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