[Proposal] Treasury Swaps Program #1 GNO x BAL

Governance Ecosystem Fund [deprecated]
1

Continuing the discussion from [RFC] Treasury Swaps Program GNO x BAL:

Simple Summary

Create periodic OTC trades GNO X BAL between GnosisDAO and Balancer’s treasuries. The program #1 will consist of 4000 ETH-equivalent GNO (BAL) distributed across 8 months.

Motivation

In April 2021, Gnosis and Balancer launched a partnership integration, the Balancer-Gnosis-Protocol (BGP). This proposal looks forward to strengthening the partnership and aligning the DAOs financially.

How?
-Financial incentives alignment: It will promote the Balancer-Gnosis-Protocol outcome in the best interest of both Gnosis and Balancer

  • Treasury diversification
  • Improved token distribution within long term players
  • Voting power for DAO proposals

Specification

Start a pilot program #1 of 4000 ETH-equivalent GNO (BAL) distributed across 8 months. After the program #1, make a lookback, evaluate the results and define next steps.

Every first Monday of the month Gnosis (Balancer) sends 500 ETH-equivalent GNO (BAL) to Balancer (Gnosis) treasury wallet.

The price will be defined by the last 30 days of open-price historical data average on Coingecko:
GNO: https://www.coingecko.com/en/coins/gnosis/historical_data/eth
BAL: https://www.coingecko.com/en/coins/balancer/historical_data/eth

Link to GnosisDAO proposal

  • Do Treasury Swaps Program GNO x BAL
  • Make no changes

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