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the DAO owns +$1M USDT, a really SUSSY coin

RejectedPoll

Proposal Details

Author0x1e09…7989
PublishedMay 25, 2022 21:24
Voting beginsMay 25, 2022 21:24
Voting endsMay 30, 2022 21:24
Snapshot#cMsgMe5

Description

I'm resubmitting because I was focusing on two coins when the point is to look for other alternatives. Hello, community. I'm just doing this proposal to ask you what you think of the DAO owning +$1M in USDT. A crypto which is run by shady people and has been changing its narrative of how they pair to the dollar through the years. I'm linking an article which will give you a better perspective of this coin: https://www.theverge.com/22620464/tether-backing-cryptocurrency-stablecoin But there is a better video made by Coffeezilla which goes even deeper in regards to this: https://www.youtube.com/watch?v=-whuXHSL1Pg\&t Please take in mind that this proposal it's not financial advice, but USDC (backed by Circle / Coinbase) and DAI seem better options. Even BUSD from Binance seems more legit. The idea of the proposal is to know what you guys think but also to make sure the funds of the DAO are secure.

10 Comments

TheCryptoTenguMay 31, 2022

to many stupid eth maxis in the community.

XIIIMay 26, 2022

[quote="Tobik, post:2, topic:12025, full:true"] Hey guys (@Vaporizador & @Eibriel), I’m resubmitting the proposal just to make clear that am only looking for other stable coins and not talking specifically about DAI/USDC. BUSD could be another option. [/quote] Diversification allows trusts to be less impacted by huge swings in any market. I voted to migrate to other stable coins.

TheCrownerMay 26, 2022

Hope they migrate to BTC!

cashMay 26, 2022

Agreed- USDC > USDT imo

VaporizadorMay 26, 2022

+1 to Migrate to other stablecoins!

nwizMay 25, 2022

Should we assign some of that USDT to buying Bitcoin as a long term treasury asset.

TobikMay 25, 2022

Not to mention that a recent video has been released on how they lost $10 billion https://www.youtube.com/watch?v=W4OdvcCfQlY

TobikMay 25, 2022

While I agree with you @Eibriel that we should split the money into different coins, holding +1M USDT on Tether it's insane.

TobikMay 25, 2022

Hey guys (@Vaporizador & @Eibriel), I'm resubmitting the proposal just to make clear that am only looking for other stable coins and not talking specifically about DAI/USDC. BUSD could be another option.

daoMay 25, 2022

the DAO owns +$1M USDT, a really SUSSY coin This proposal is now in status: REJECTED. Voting Results: * Keep holding usdt 1% 3,103 VP (2 votes) * Migrate to other stablecoins 41% 588,669 VP (27 votes) * Invalid question/options 58% 821,216 VP (2 votes)