Per Fernando’s message here Discord the ecosystem fund has been air dropped 17,451 GTC as part of the GTC token launch.
Instead of letting this sit idly for who knows how long, I propose we provide liquidity to the existing GTC/WETH 0.15% fee pool on v2. As part of this proposal, I will ask Gauntlet to begin to manage fees for this pool. This sets up our first long term yield opportunity in the ecosystem fund/treasury. I think the GTC/WETH pool is big enough to sustain a single asset add of this size with minimal slippage but we could look into trading 20% of it for WETH then supplying with no price impact.
Presumably Balancer Labs has sole control over the ecosystem fund private keys. They would have to execute the necessary transactions.
GTC could go to zero, but even if we don’t provide liquidity the token would go to zero in our wallet. There could be a security vulnerability in v2 that drains our liquidity with no recourse to recover it.
None that I can think of. Hopefully I followed the new process correctly. Will check back on this in two weeks to move it to the proposal phase.