Im overall supportive of diversifying treasury assets and put them to work. The general question im asking myself is, is this the right timing for going into T-bills?
We have onchain yield that is currently extremely high due to Ethena and and extrem usage of stablecoins overall.
Why arent we make use of these? It would be onchain (what we all want) and could be executed basically within minutes.
Interest rates are going down and so will the yield.
What we would do here is to take Tradfi assets and their associated risks (although very low), then tokenize them and put them into a smart contract (take the onchain risk). So we basically double the trouble for small single digit yield.
Maybe its not the best time now and we should rather seek for onchain yield and then slowly move into RWA. Otherwise the DAO will simply loose on yielding profits.
Im neither for or against the proposal because the overall idea totally makes sense if the risks associated can be minimized. But i do not think that the timing is great.
Im going to vote ABSTAIN.