by 0x2faab28f398c330430157893a48edc3799d99159 (LandLordDao)
The Decentraland (DCL) community manages crucial DAO funds to support project and community development. However, the volatility of the MANA price may pose a potential threat to these funds. We need to devise a strategy to protect the funds as the price rises and establish reserve or hedge funds for future projects and emergency situations.
We suggest the formulation of the following advance strategy to sell a portion of MANA when its price reaches $0.80-$2to establish a DAO reserve or hedge fund. Different percentages of sale can be considered, including 15%, 20%, 25%, and 30%.
Here are key reasons supporting this proposal:
Risk Management: The volatility of the MANA price can potentially threaten DAO funds. By selling a portion of MANA to establish a reserve or hedge fund, we can mitigate the adverse impact of price fluctuations on the funds.
Project Sustainability: Reserve funds can be used to support future projects or emergency situations, ensuring the sustainable development of the DCL community.
Transparency: The percentages of sale will undergo community discussions and voting to ensure transparency and consensus in decision-making.
To safeguard DAO funds and ensure the sustainable development of the DCL community, we recommend the formulation of a sale strategy when MANA reaches $0.80- $2 to establish a reserve or hedge fund. The community can determine the specific percentage of sale through discussions and voting to ensure maximum transparency and consensus. We encourage the community to discuss and vote on this proposal to determine the best way forward.
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