Joseph Fluckiger
One DAO member agrees to be the treasurer and creates a temporary wallet that they control, they fund the wallet with their own funds and pay for ATX DAO expenses. The ATX DAO promises to pay back the treasurer in the future. This allows use to move quickly on expense reimbursements without having to multi-sig every expense transaction while also not putting our core ATX DAO endowment funds at risk.
Hold the original 12.8 ETH in Ethereum as both an investment and as the collateral guaranteeing any debts incurred. We'll refer to this wallet as the ATX DAO Savings Wallet. These need to be kept under the security of the gnosis multi-sig.
We can use any chain we want for the checking account wallet, but not Ethereum MainNet currently because gas fees are too high. The treasurer can design which chain to use, and we can switch who is the treasurer every few months as needed. This proposal gives us chain flexibility. Expenses should be paid in a stable coin.
Appoint a treasurer. The treasurer will set up a wallet on Terra or Solana or Avax or some other chain, and will fund the wallet with their own personal funds. This Terra wallet will pay for ATX DAO expenses using a stable coin US*, and ATX DAO will pay back this Checking account wallet once every month or so in ETH. This requires that the Treasurer trust the ATX DAO to be repaid, but not the other way around. The Treasurer and the finance committee will keep track all ATX DAO expenses will be kept in a Notion expense tracking database (see below).
Some ATX DAO expenses will be paid from a bank account in USD by one of the DAO members. That member can be reimbursed from the ATX DAO Checking wallet in UST (or another stable coin). These transactions will also be recorded in the Transaction History database. We will keep track of which currency the transaction was paid in.