Something we’ve discussed lots on discord but haven’t been able to formally push through is Pooltogether treasury being a holder of ETH. As a protocol we require ETH for much of our operations and I think it would be wise to make a large ETH purchase for our treasury using USDC. I propose that we convert 1MM USDC to ETH and I think now is the perfect time to do so with the market down. It’s not so much about the investment but about owning a utility that we will need to operate.
Additionally I think we should discuss continuing buybacks. Pooltogether price is more than 30% below our treasury diversification sale price and I believe it is undervalued. I think we should continue the buybacks conducted by @RegisIsland @underthesea and myself. I would even lobby for larger buybacks at these prices but we should in the very least continue with what we were doing.
- Same method as before