Stable Magicians (POLL: exchange vs. CDP)

Hey @ligi as I said in the Github issue – that thread is about finding a volunteer. I don’t think we need a vote here.

The “what we are trying to solve” context is:

  • we are asking for people to pay ETH for tickets to next Council
  • there will be expenses in fiat for catering
  • someone will need to pay fiat, and get re-imbursed in crypto
  • turning ETH into DAI (edited!) as it is accepted means that we can be sure we have the right amount to cover the catering expenses
  • at the same time, the ECF sponsorship of 2KEU (that we have listed in the budget) should also get turned into DAI now
  • any other sponsors that pay in crypto should also be converted to cover hard fiat costs

A longer term issue is what to do with the rest of the (very small) EthMagicians treasury. I think keeping portions of it in DAI makes sense – but I personally would like to find more people who will accept ETH directly.

This process – of turning ETH into DAI and helping to manage the treasury – is what I want to see a volunteer help with. How to do it? I don’t care either way – someone with more experience can advise us.

I hope that helps scope what is needed.

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