[R] DOT #1501 - Renewal of treasury USDT and USDC Acquisition
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Description

https://polkadot.subsquare.io/referenda/1501

  • A group called ChaosDAO, JUST Ventures, and Hydration proposed to get stable money (USDT and USDC) using Polkadot's treasury.
  • They want to change 5,001,000 DOT into equal parts of 2,500,000 DOT into USDT and USDC over a year.
  • This plan will help keep the value of the treasury steady and safe for future expenses.
  • They will sell small amounts of DOT regularly to avoid big price changes and make the process efficient.
  • They are using a special method called DCA (Dollar-Cost Averaging) to make the exchange smoother.
  • The proposal also aims to use some of the funds to earn interest while they are waiting to convert.
  • This plan involves sending funds to different places using a process called XCM.
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Information
Snapshot
Timestamp
Created
Mar 25 2025 15:26
Start date
Mar 25 2025 00:00
End date
Apr 24 2025 00:00
Results
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9
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