KTR-5: Treasury Diversification

Author
StatusImplemented
Created2022-05-30

Summary

Diversify the treasury into a basket of different stablecoins, hedging the risk that a single stable will de-peg.

Request

The treasury would be composed of the following breakdown: 50% sUSD, 25% DAI, and 25% USDC.

Address

Kwenta OP Treasury

Rationale

To mitigate the risk of the treasury being negatively impacted due to a single stablecoin de-pegging, I propose that the Kwenta treasury be diversified into the top three Ethereum-based stablecoins. In the event that a single stablecoin does de-peg, the treasury will be able to utilize an alternative currency to continue fueling operations.

Copyright and related rights waived via CC0.