Just my fast thoughts, the math doesn’t add up.
- If the DAO stakes 82 ETH at ~4% APY, at today’s prices that’s only around $800–$900/month gross. How is that enough to both reward SHIB stakers and still generate meaningful revenue for the DAO?
- Wouldn’t it be more rational for the DAO to simply stake the ETH directly, keep the yield, and conserve runway until market conditions improve?
- Also, $50k for both build + audit feels materially understated for something this complex (especially if you want it to be robust and secure).
Also, we really dont know how much the DAO will have in treasury after the migration, we could maybe have more than 82 ETH to use, but most likely less(?).
- why i posted this in the other thread; Chain Vote: Where Should the Stolen 25% KNINE Be Minted? - #18 by Seizanshib