# \[Proposal\] Treasury Swaps Program #1 GNO x BAL
**URL:** https://forum.balancer.fi/t/proposal-treasury-swaps-program-1-gno-x-bal/2207
**Category:** Ecosystem Fund \[deprecated\]
**Created:** [September 6, 2021, 1:11pm UTC](https://forum.balancer.fi/t/proposal-treasury-swaps-program-1-gno-x-bal/2207 "2021-09-06T13:11:40Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@claberus](https://forum.balancer.fi/u/claberus)
#### Post date: [September 6, 2021, 1:11pm UTC](https://forum.balancer.fi/t/proposal-treasury-swaps-program-1-gno-x-bal/2207/1 "2021-09-06T13:11:40Z")
Continuing the discussion from [[RFC] Treasury Swaps Program GNO x BAL](https://forum.balancer.fi/t/rfc-treasury-swaps-program-gno-x-bal/2110):
## 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](https://blog.gnosis.pm/introducing-gnosis-protocol-v2-and-balancer-gnosis-protocol-f693b2938ae4), 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](https://www.coingecko.com/en/coins/gnosis/historical_data/eth)
BAL: [https://www.coingecko.com/en/coins/balancer/historical\_data/eth](https://www.coingecko.com/en/coins/balancer/historical_data/eth)
[Link to GnosisDAO proposal](https://forum.gnosis.io/t/gip-12-treasury-swaps-program-1-gno-x-bal/1500)
_Poll ([view on site](https://forum.balancer.fi/t/proposal-treasury-swaps-program-1-gno-x-bal/2207/1))_
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### Author:  [@claberus](https://forum.balancer.fi/u/claberus)
#### Post date: [September 6, 2021, 1:14pm UTC](https://forum.balancer.fi/t/proposal-treasury-swaps-program-1-gno-x-bal/2207/2 "2021-09-06T13:14:03Z")
> **[GIP-12: Treasury Swaps Program #1 GNO x BAL](https://forum.gnosis.io/t/gip-12-treasury-swaps-program-1-gno-x-bal/1500)**
>
> GIP-12: Treasury Swaps Program #1 GNO x BAL poll GIP: 12 title: Treasury Swaps Pilot Program #1 GNO x BAL author: @claberus, Marcelo Ruiz de Olano status: Phase 2 type: Meta created: 2021-08-05 Simple Summary Create periodic OTC trades GNO X BAL...