PTIP-84- Increase ETH exposure while supporting the stETH pool

Governance PT Improvement Proposals
3

@ageless !! We missed you. How’s it going??

  1. I disagree that POOL is so correlated with ETH, at least in it’s current form and the treasuries current composition. From my perspective as a holder, the token has one primary function presently and that is to govern the treasury. If the treasury were empty we would be left with only speculative value. The treasury has primarily USDC and DAI → info.pooltogether.com (not pictured are 30 ETH and some ETH/POOL POL)

  2. The allocations I think are a bit of a compromise on peoples different ideas of how this should go. You can see more in the original discussion at RFC: Convert $489K DAI balance to stETH and deposit as sponsorship into stETH pool on Pooltogether - #16 by Leighton

The Finance Team has published a couple of analysis that include projecting runways and this proposals beefing up our allocation to ETH in the treasury is not going to make a big impact in those regards.

2 Likes