0xa2cbce0a…e994sent to0x6dfa413b…492d·#24,765,214·view on Etherscan
# Authorization to Transfer 8,000,000 LCAI to Support Near-Term Operations
Authorization to Transfer 8,000,000 LCAI and Subsequently Convert up to $50,000 USD Equivalent of LCAI into ETH and/or Stablecoin for Near-Term Operational Expenses
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**Summary**
This proposal authorizes the transfer of 8,000,000 LCAI held in the Treasury and subsequent conversion into ETH and/or stablecoin to support near-term operational requirements.
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**Motivation**
As Lightchain AI approaches mainnet and continues ongoing legal and organizational work, the project is incurring real-world expenses that require payment in widely accepted assets.
These include:
* Attorney and legal-related costs (including DUNA-related work, applications, etc)
* Marketing and growth initiatives
* Other near-term operational tasks
The Treasury currently holds LCAI, which must be converted into ETH or stable assets to efficiently meet these obligations.
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**Proposal**
Authorize the transfer of up to 8,000,000 LCAI from the Treasury to the Lightchain AI deployer address (**0xfbE810101064E326f871bf20576d8e42C75d5Dd7**). Authorize the Lightchain AI Core team to convert the transferred LCAI into ETH and/or stablecoin, with all resulting transaction hashes posted publicly for verification. The Lightchain Core team is directed to send any excess LCAI after conversion back to the treasury.
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**Rationale**
The Treasury contract currently supports token transfers but does not include swap functionality.
This proposal provides governance approval for the conversion process to be executed externally while maintaining transparency and accountability.
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**Execution**
* The Treasury will transfer up to the approved amount of LCAI to the specified address
* The conversion into ETH and/or stablecoin will be executed externally
* Any excess LCAI after conversion will be sent back to the Treasury
* All transactions will remain publicly verifiable on-chain
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**Constraints**
* Limited to transferring 8,000,000 LCAI from the treasury contract, and subsequently converting up to $50K worth of LCAI into ETH and/or stablecoins
* Applies only to the stated amount and purpose
* All transactions must be publicly shared and verifiable
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**Voting Options**
* **FOR**: Approve the transfer of 8,000,000 LCAI, and conversion of up to $50,000 USD equivalent of LCAI into ETH and/or stablecoin
* **AGAINST**: Do not authorize
* **ABSTAIN**: No opinion