[WIP] Move RAD and USDC balances into the community-governed Radicle Treasury
On February 25th, ~3.75% of the Radicle token supply available for interested parties within the Radicle community. It used Balancer a decentralized exchange and leverages a mechanism called Liquidity Bootstrapping.
Over 1800 new token holders participated in the event, claiming over 50% of the RAD tokens put on Balancer at the beginning of the event. This event raised ~$25M in the Radicle Treasury, a smart contract controlled fully and transparently by Radicle token holders.
This proposal is to move remaining RAD and USDC balances raised to the Radicle Treasury, so they can be managed by Radicle token holders to support the long-term sustainability of the network
This proposal will be officially created and proposed by the Radicle core team in the coming days.