@cory.eth, yes. I think some context got lost in this thread so I’ll reset:
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When the initial endowment deposits from the treasury were being contemplated, we had a tangential proposal to ensure we have a “bomb proof” runway of 24 months in stable coins.
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That proposal passed in EP3.3 and we converted 10k Eth to USDC. Currently, that ~17 million is intended to stay in the treasury as stables, earmarked as the 24 months of runway.
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This thread was started to ask the question of “Should that runway stay as 100% USDC, or should we diversify that across other stables DAI, Tether, etc.”
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This is entirely separate from any endowment conversions.
This thread coincided with the USDC depegging, so it was a bit more topical in that moment. There hasn’t been much of a push since then to diversify this specific batch of stables. Maybe it’s best to close this particular thread for now unless there are strong feelings.