Thanks for the proposal. A few comments from my side - personal opinion, of course:
- sGYD is a new product with certain risks attached. The community should be aware of that. In any case, Balancer DAOs position shouldn’t exceed $500k in the near future.
- As it currently stands, we can’t allocate any of our liquid USDC or blue chip token positions. The only way I see to allocate any funds to sGYD is through positions managed by @kpk . Reason being: BAL reserves are running thin, other assets are strategic positions from past token swaps, and our USDC reserves are being earmarked to fund SPs
An alternative I see is that we use our idle USDT position we received from Fjord fees (approx. $273k) on mainnet.
I would be more comfortable to say we swap that position for sGYD and reduce the ask of this proposal to $250k. In that regard, I would be curious why you are suggesting 350k sGYD in the first place. $250k sounds more reasonable.
Finally, I would value a clear technical specification that would outline the acquisition of sGYD, so we can prepare a payload for the DAO multi-sig.