# TMC-1: Pipeline to sell stETH at regular intervals for DAI

**URL:** <https://research.lido.fi/t/tmc-1-pipeline-to-sell-steth-at-regular-intervals-for-dai/5059>\
**Category:** Proposals\
**Created:** [July 27, 2023, 8:19am UTC](https://research.lido.fi/t/tmc-1-pipeline-to-sell-steth-at-regular-intervals-for-dai/5059 "2023-07-27T08:19:26Z")\
**Posts on this page:** 1\
**Showing post:** 9

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**Author:** ![steakhouse](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/steakhouse/32/1878_2.png) [@steakhouse](https://research.lido.fi/u/steakhouse)\
**Post date:** [April 22, 2024, 6:55am UTC](https://research.lido.fi/t/tmc-1-pipeline-to-sell-steth-at-regular-intervals-for-dai/5059/9 "2024-04-22T06:55:14Z")

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## Update 22-Apr-2024

[Stonks](https://research.lido.fi/t/lido-stonks-treasury-swaps-via-optimistic-governance/6860) development has completed and is now [deployed](https://vote.lido.fi/vote/173).

The TMC multisig will execute two tests:

- 17 stETH to DAI
  - [EasyTrack motion](https://easytrack.lido.fi/motions/618) to fill 17 stETH to the Stonks stETH → DAI contract address
  - Stonks execution to follow if the motion is approved

- 150 stETH to DAI
  - Will first file an EasyTrack motion, followed by execution

As a reminder, this pipeline is fully non-custodial (assets always revert to Aragon Agent) and subject to multiple levels of LDO token holder oversight, who can veto EasyTrack funding motions to trigger Stonks and who are in control of the Aragon Agent anyway.

> [@Lido Stonks: Treasury Swaps via Optimistic Governance](https://research.lido.fi/t/lido-stonks-treasury-swaps-via-optimistic-governance/6860/1):
>
> ![](https://europe1.discourse-cdn.com/flex013/uploads/lido/original/2X/3/339c7268c69ff0dca76180a946794e5dfb8bd23a.png)
> 
> 890×895 26.9 KB

At first, the TMC multisig will be in charge of executing these motions to swap. However, the setup is primed to allow a permissionless Keeper to trigger these swaps provided thresholds are met for minimum stablecoin balances on Aragon.

Researching this execution is the object of [TMC-2](https://research.lido.fi/t/tmc-2-research-and-implement-permissionless-stonks-execution/), approved by the TMC through off-chain voting.

Stonks contracts are all open source and available under an MIT license for any DAO that wishes to create minimalistic treasury swap setups without the need for a third-party manager or complex setups with SAFE multisigs that take custody of assets.

> **[GitHub - lidofinance/stonks: Lido treasury asset swapper](https://github.com/lidofinance/stonks)**
>
> Lido treasury asset swapper

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_[View the full topic](https://research.lido.fi/t/tmc-1-pipeline-to-sell-steth-at-regular-intervals-for-dai/5059)._