Thank you for posting this, the experienced perspective is helpful. I think this is a very prudent move and we should move forward with it.
This tranche of USDC was intended to ensure we hold 24 months of runway in stables. We can swap for diversity, but the USDC pile will continue to shrink the fastest because that’s what the stream to ENS Labs is denominated in. While 1/3 split to each token sounds good, we won’t want to rebalance this again until next year when we execute the budgets for Term 5 (Q1/Q2 of 2024), so we need a little bit more USDC. My math says we go with:
40% USDC
30% LUSD
30% USDT
At Term 4 budget time the WGs can try and pull from the LUSD and USDT to try to keep some additional balance as well.
Could we get some signals of “for” or “against” in comments or emojis? If this gets legs I’ll personally bribe @James to write the executable. 