# GMC Treasury USD Diversification

**URL:** <https://dao.rocketpool.net/t/gmc-treasury-usd-diversification/2134>\
**Category:** Grants / Bounties\
**Created:** [26 August 2023 15:37 UTC](https://dao.rocketpool.net/t/gmc-treasury-usd-diversification/2134 "2023-08-26T15:37:34Z")\
**Posts on this page:** 1\
**Showing post:** 10

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**Author:** ![ShfRyn](https://dao.rocketpool.net/user_avatar/dao.rocketpool.net/shfryn/32/531_2.png) [@ShfRyn](https://dao.rocketpool.net/u/ShfRyn)\
**Post date:** [21 September 2023 23:27 UTC](https://dao.rocketpool.net/t/gmc-treasury-usd-diversification/2134/10 "2023-09-21T23:27:12Z")

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**Update**

The GMC has made the strategic decision to allocate 20% of incoming payments each month into either USDC or LUSD. The administrator will apply their expertise to determine the optimal choice of token, considering factors like liquidity and prevailing market prices at the conversion moment. Their primary focus will be on **LUSD** , given its high degree of decentralization, unless it trades at a premium exceeding 2%.

(For future awards paid in LUSD, the amount will be paid in units rather than the market value converted to USD.)

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