Thanks @rizk for your clarification.

5% is good to go , in my poll which is 20%, i am believed that maybe to much too . Just wondering why the MANA column #REF. dont' understand the mana sold on minic and mana swap 112000/400,000.

Hello @PunkPink, While waiting for a favorable exchange rate between Mana and Eth, which could take years to diversify our treasury. The Mana/Eth rate won't drive our decision to convert Mana to Eth since we're focused on long-term accumulation, not trading, because your method work well buying low selling high. while, Even in a strong bull market, as DAO Fund, we will avoid selling big portions, considering our DAO Fund as a significant player (whale) in the market and selling large portions could impact small investors negatively. DAO fund should work on increasing Liquidity Pools to inhance the Exchange Rate plus that could generate an income for the dao fund in the future when we have enough ETH, DAI, USDT....ext, and it will open many other doors for us.

Hi @LandlordDao, for the current DAO fund as you suggested , I already have (Phase B), which will come after this Proposal. Phase B will target accumulating USD during the bull market, not ETH (for now). I will suggest using approximately 5% of the DAO fund, with an 18-month plan to avoid any pressure on MANA value. I even have (Phase C) to accumulating small portions of Matic since we have many contracts in Decentaland built on Polygon and I want to expand and support that Chain. In terms of complexity, yes, it will require a few hours each week to keep everything organized. Good to mention that, over the past few months, I've been testing this approach by monitoring and documenting all DAO transactions to check the feasibility of this proposal. But, If needed later , we can always ask the support of an accountant. Additionally, I'll coordinate with the Governance Squad @ginoct to explore ways to streamline and facilitate this proposal, making it more manageable for us each quarter. in addition to @HPrivakos to get his notes on all points.  

I vote No at this time. First of all, as @HPrivakos says, it can be a disaster to calculate and lead to misunderstandings and errors. On the other hand, making a change from MANA to ETH with part of the funds now that it is possible that a bull market is approaching could result in a lower revaluation of ETH compared to MANA, since as the precedents show (within the short period of existence cyrpto) riskier assets have greater revaluation potential, as is the case of MANA. In that case I would support this without hesitation if we were at historical highs, in this case I would support distributing the MANA funds into a basket of safer assets.

I highly appreciate this proposal, and I've been contemplating this matter for a while myself, including the timing for selling MANA.（ https://decentraland.org/governance/proposal/?id=73241be1-23ce-4d07-8a8f-684bd9bb54e2 ） After all, MANA's significant fluctuations directly impact the overall development of the entire DCL ecosystem. I also agree with @HPrivakos 's point that the calculations are overly complex. It's surprising that you've already calculated 1,155,000 MANA. In that case, we can easily calculate the percentage based on this number. For example, if 1,155,000 MANA represents 3% of the current DAO funds, then we can use 3% of MANA each year to exchange for ETH, divided into four quarterly purchases. If necessary, we can propose adjustments to the percentage later on. I support this to expedite the project's progress. I hope you can incorporate my suggestion into the final proposal, as it simplifies the calculation. Team Work makes Dream Work! Thank you

It will need re-analysis and observation in a year or two to see how much we accumulate and reconsider the percentage based on that, if needed. So far, I have conducted my research in 2023, and that's where I came up with this vision. But always consider more Eth means more Mana stability and liquidity by establishing LP. Additionally, the percentage will be static because of how the DAO mechanism works. Otherwise, it would be a challenging process to estimate quarterly and create a governance proposal every two months, it would be an hard mission and a definite failure. So, we can't select one quarter and stop after. [quote="dao, post:1, topic:21565, full:true"] It's crucial to note that these Ethereum investments are intended for long-term growth and not for short-term trading or profit-taking. [/quote] This proposal will be (Phase A) of diversification, to be followed by subsequent phases. It is designed to be a long-term vision for the DAO, not aiming for immediate effects but rather for sustained impact.

Voting Yes to push this along, but I do not think it should be a static 50% and will require further analysis of unused funds and the percentage per quarter, and some financial analysis of a target amount of ETH to obtain by the end of the year. I'd support the idea of using 50% of Q4 2023 unused funds for now to get the diversification started.

Yes, as a DAO committee, we should be well-organized for this specific proposal, and up-to-date to follow up with all above mentioned events. This will require us dedicating more work for that, but good to mention, that **GSS** has an open-source file for all revoked grants that can assist us, and the **Governance Squad** is doing a great job highlighting the quarterly budget, that I would definitely need them to enhance it to better serve our purposes.  The road will be bumpy to reach that diversity, and cause its not easy, we have experienced almost zero diversity since the DAO implementation began almost 2.5 years ago. Given that your input is highly valued, since we will be implementing that together, I will ensure that the last governance proposal, if this pass, will be reviewed by you for any notes or changes.

That will be such a mess to calculate :face_with_peeking_eye: :cold_sweat: