Treasury
Transactions
Incoming: 6,375 ETH transferred on December 9, 2021 as a result of the token auction
Outgoing: 2,925 ETH transferred on February 14, 2022 to the development fund, executing on SIP3
Outgoing: 2,553 ETH transferred on March 15, 2022 to the development fund, executing on SIP4
SIP4 was executed successfully on March 15,2022. 4,411,095 USDC was reimbursed to the development fund to cover the cost of buying $CVX, as the table below explains.
| Cost of buying $CVX | |
|---|---|
Asset cost | $4,410,000 |
Transaction fees (buying $CVX) | $1,095 |
Transaction fees (Selling ETH) | $606 |
Total Cost | $4,411,095 |
Amount transferred from DAO | $6,454,760 |
Excess funds in USDC* | $2,043,665 |
Today, SiloDAO holds 897 ETH directly in addition to the following assets via the development fund:
*2,043,665 USDC: The amount is kept in the development fund in case the DAO needs to buy strategic assets or put to strategic use. The amount can be sent back to the DAO at any point.
~250,000 CVX: The amount is currently stakes in Convex smart contract. More details here: https://etherscan.io/tx/0x879ca47c315cbed650b7b54e1f0ca73b8bb53d94e321d9318ffea641906c9a8d
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