Temp Check on Shutter Ecosystem Fund Proposals
Published
10/30/2024, 3:41:14 PM
Closes
11/2/2024, 3:41:13 PM
Author
0E0x0E6B...3919Proposal Content
Summary
Intro In response to a discussion on treasury management in the Shutter Forum, Yelay and Glo Dollar submitted independent proposals to create a Shutter Ecosystem Fund via their...
Intro
In response to a discussion on treasury management in the Shutter Forum, Yelay and Glo Dollar submitted independent proposals to create a Shutter Ecosystem Fund via their respective platforms.
These proposals are not mutually exclusive. Shutter DAO 0x36 may approve both, one, the other, or neither.
This vote aims to gauge current sentiment through a non-binding “temp check”, which is intended to gather feedback on whether or not Shutter DAO 0x36 should continue to pursue these proposals. The result of this vote will serve as an indicator of how the community feels about these two proposals.
Further discussion on the topic is welcome and encouraged.
Context
Continued Discussion Regarding Treasury Management:
https://shutternetwork.discourse.group/t/continued-discussion-regarding-treasury-management/482
Proposals
Yelay Proposal:
https://shutternetwork.discourse.group/t/dao-fund-leveraging-yelay-vaults-for-sustainable-growth-and-treasury-management/508
Glo Dollar Proposal:
https://shutternetwork.discourse.group/t/boosting-shutter-dao-0x36-s-treasury-management-and-ecosystem-growth-with-glo-dollar/511
Live Discussion
Twitter Space:
https://x.com/i/spaces/1YqKDkXVaLExV
(jump to 15:41 if you want to skip the personal intros and the Shutter intro)
Proposals Summary / Comparison
| Yelay | Glo Dollar | |
|---|---|---|
| Intro | Vaults which dynamically reallocate capital between strategies, optimizing returns while managing risk | Fully backed USD stablecoin which donates profits to public goods and charities |
| Website | https://yelay.io | https://glodollar.org |
| Setup | Manual by Yelay | Manual by Glo Dollar |
| Contributions / Withdrawals | Permissionless | Permissionless |
| Contributions - Method | Deposit USDC via Yelay dapp | Swap USDC to USDGLO |
| Contributions - Min Setup Amount (Shutter DAO 0x36) | None | $1M |
| Contributions - Min Additional Amount (community Members) | None | None |
| Withdrawals - Method | Withdraw USDC via Yelay dapp | Swap USDGLO to USD or USDC, or transfer USDGLO |
| Yield Anticipated (after fees) | 8.5% pa | 4% pa |
| Yield Source | Blue Chip DeFi and/or RWAs | US Treasury Bills |
Vote Options
- Vote “BOTH” if you support exploring both proposals
OR
- Vote “YELAY” if you support exploring the Yelay proposal (but not the Glo Dollar proposal)
OR
- Vote “GLO DOLLAR” if you support exploring the Glo Dollar proposal (but not the Yelay proposal)
OR
- Vote “NEITHER” if you do not support exploring either proposal
OR
- Vote “ABSTAIN” if you do not have an opinion but want to help the vote reach quorum
Discussion
Please continue the discussion (during and after the voting period) in the Shutter Forum:
https://shutternetwork.discourse.group/t/continued-discussion-regarding-treasury-management/482
Voting Results
Voting Type: single choice
5.87M
20.19M
0
14.50M
2.01M
Total Votes
22
Total Score
42.58M