Hi @marek, I’ve updated the Treasury Sheet following yesterday’s debate and created a Community Treasury Status and Diversification options thread.
I would like to continue the conversation there and gather your and other stakeholders’ input. If we want to diversify into ETH and/or BTC - I think the most straightforward and least costly process would be to make a decision soon (in the next 2-3 weeks) on how much of the cUSD the Celo Comunity Treasury would like to have in ETH and/or BTC instead and settle that in a single proposal with Mento.
Given the Treasury Diversification discussion can take longer than a few weeks - I’ve already started working on an alternative solution with @roman that can be submitted as a follow-up proposal to CGP115 that would settle the 10m cUSD in 6 equal tranches (with CGP115 being the first tranche) using 30-day moving average CELO prices on the day of transfer of each remaining tranche.
We’ll have a draft ready early next week for review and an alternative/compliment to this diversification discussion.