Unwrap & Stake Treasury WETH
proposed by 0xc7cc…7d87 sponsored by 0xe751…7107
Voting ended with quorum met and more For than Against. The proposal passed.
Quorum
The For votes a proposal needs before it can pass
220 / 204 For votes of the quorum
100.0%
Quorum met · 16 over
Request size
Moves treasury funds without spending them.
Vote result
Which side is ahead
Turnout
299 / 1,361Nouns
22.0% cast
Proposal end
Voting period ended
Ended
33d 2h ago · Executed
Opened
block 26,021,635
Closed
block 26,050,435
The treasury holds 142.806089 WETH. This proposal does two things in one transaction: unwrap the WETH to native ETH, then stake all 142.806089 ETH into wstETH via Lido, returning approximately 114.78 wstETH.
4 transactions · converts 142.806 ETH, 142.806 stETH and 142.806 WETH · approves up to 142.806 stETH
1Unwrap 142.806089014157774129 WETH to ETH142.806089 WETHConversion
0xc02a…6cc2WETH0 ETH
withdraw(uint256)
Calldata (32 bytes) 0x000000000000000000000000000000000000000000000007bdd52556dbb00d31
2Stake 142.806 ETH with Lido and receive stETH in the treasury142.806 ETHConversion
0xae7a…fe84stETH142.806 ETH
submit(address)
Calldata (32 bytes) 0x0000000000000000000000000000000000000000000000000000000000000000
3Approve wstETH to spend 142.806 stETH142.806 stETHApproval
0xae7a…fe84stETH0 ETH
approve(address,uint256)
Calldata (64 bytes) 0x0000000000000000000000007f39c581f595b53c5cb19bd0b3f8da6c935e2ca0000000000000000000000000000000000000000000000007bdd4d461a26f0000
4Wrap 142.806 stETH as wstETH in the treasury142.806 stETHConversion
The received amount depends on Lido's exchange rate at execution.
0x7f39…2ca0wstETH0 ETH
wrap(uint256)
Calldata (32 bytes) 0x000000000000000000000000000000000000000000000007bdd4d461a26f0000
Estimated spendTreasuryAnnual staking yield
Spending is priced the same way the Coffer prices the treasury: today's prices, today's balances. Moving money between the DAO's own wallets, setting approval limits and swapping one asset for another do not count as spending. NFTs and calls whose effect is unknown are left unpriced.
The yearly staking yield takes what is staked right now at its current rate for one year. It leaves out auction income, price moves and any change to the balances or rates.
A current treasury and staking-yield benchmark is unavailable.
- Proposer
- 0xc7cc…7d87
- Sponsors
- 0xe751…7107
- Created
- block 26,000,035 · transaction 0x3a0d13…0fef
- Vote snapshot
- Voting power is read at block 26,021,635
- Quorum
- 204 For votes. Every Against vote raises this floor, up to a cap. Reaching it is not enough on its own: For also has to beat Against.
- Turnout
- 299 of 1,361 Nouns cast · 22.0%
- Executor
- The treasury
- Governor
- the Nouns governor on Etherscan
Schedule
- Editable untilblock 26,018,035
- Voting opensblock 26,021,635
- Voting closesblock 26,050,435
- Executable from
Times are shown in your time zone.
How a proposal moves through the governor
The proposer can still edit for a short while after posting. Then it waits for voting to open. Voting runs for a set number of days. If the result flips near the end, an objection period opens where only Against votes are allowed.
To pass, a proposal needs two things at the close: at least as many For votes as the quorum, and more For than Against. The quorum is not fixed. It starts at a minimum and rises with every Against vote, up to a cap, so a contested proposal needs more support than a quiet one.
A passed proposal waits in a timelock, then anyone can execute it until its grace period runs out. The proposer can cancel any time before that. The vetoer can veto a malicious one.
Votes & reasoning20
For
220Nouns · 73.6% · 15 wallets
Abstain
6Nouns · 2.0% · 2 wallets
Against
73Nouns · 24.4% · 3 wallets
Signals count wallets, not Nouns, and are not votes.