Continuing the discussion from [RFC] Treasury Swaps Program GNO x BAL:
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.
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.
-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
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:
- Do Treasury Swaps Program GNO x BAL
- Make no changes