Thanks for your input Franklin! You, and people closer to the operations, have the insight that we need to make educated governance decisions.
Think more about this, and the BABY proposal.
Would you be in favor of using non-stable proceeds to buy a mixture of YFI/ETH, and then keeping the proceeds of the stable vaults and placing them into a vault(s)
Example:
Proceeds from all non-stablecoin vaults are sold to buy 80% YFI, 20% ETH
Proceeds from all stablecoin vaults are held in a vault owned by the multi-sig? (maybe consolidate the various stablecoins to 3 or 4) We could continue this until we had achieved the desired diversification. (50% YFI, 20% ETH, 30% stables?)
That would slowly diversify the treasury without adding any selling pressure to YFI. (It would reduce the buying pressure though)
I’m very Bullish on YFI and ETH, but I also don’t want to have to sell a ton of YFI/ETH if we go through a prolonged bear market just to keep everything running smoothly.