Recently the idea to do a treasury diversification before the upcoming Gnosis auction was posted by me (Discourse link). It was then made clear an EOI would be most suitable to discuss this more in depth across DAO members.
We, Maven 11 Capital, are highly interested in supporting the Tracer DAO in the coming years. We are also sure that together with other strategic partners, we can strengthen Tracer’s positioning and help the DAO grow.
We would like to purchase TCR tokens to represent our long-term support of Tracer. We propose to the Tracer DAO a strategic treasury diversification of 5%-7.5% of the total token supply to take place prior to the Gnosis Auction. We are open to hearing other proposals in terms of the % of the TCR allocation for that purpose. Obviously other terms, including participating strategic partners valuation and vesting schedules, would be applicable as well which can be outlined in the exact proposal.
A USDC treasury diversification would serve as a way to make the DAO well-funded regardless of the future market conditions. We believe that raising the funds now is beneficial for the community as the future valuations in the crypto space are uncertain and can go down significantly if the general market becomes unfavourable. Furthermore, it would be helpful to onboard a group of strategic partners into Tracer who have a long term belief in the project.
We are curious to hear various thoughts about this proposal and we highly encourage you to take an active part in discussion.