# Next Steps: Diversify $25k Community Treasury USDC into BAL/veBAL **URL:** \ **Category:** Community Treasury\ **Tags:** balancer\ **Created:** [August 2, 2022, 8:19am UTC](https://gov.thx.network/t/next-steps-diversify-25k-community-treasury-usdc-into-bal-vebal/54 "2022-08-02T08:19:36Z")\ **Posts on this page:** 9\ **Page:** 1
**Author:** ![mieszko](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.thx.network/mieszko/32/26_2.png) [@mieszko](https://gov.thx.network/u/mieszko)\ **Post date:** [August 2, 2022, 8:19am UTC](https://gov.thx.network/t/next-steps-diversify-25k-community-treasury-usdc-into-bal-vebal/54/1 "2022-08-02T08:19:37Z")
This is a follow up to [Diversify ~$20k Community Treasury USDC into $BAL/veBAL](https://gov.thx.network/t/diversify-20k-community-treasury-usdc-into-bal-vebal/51) outlining the next steps on how to execute it. The Treasury now has $25k available to acquire voting power to support the protocols liquidity pool(s) on Balancer. These funds are on Polygon in our multisig Gnosis Safe (0x59429282A4e566373a1F2D5F20CF08184b46ee07). **Next steps** Blocker: first and foremost we should wait till the [BIP-30 ‘kill Gauge’ vote](https://snapshot.org/#/balancer.eth/proposal/0x3a2cd227ab45ce9773d8f83f876035afc3267f31b6a6de20ee8f58e7cbb7e978) is executed and see if we can get our Gauge re-included. If there is a Gauge available proceed to 1). 1. Propose whitelisting of ‘Community Treasury’ multisig (0x4a30c80A2c41312ce4ee79f730C8D84cAD9f7B31) on Balancer’s governance forum. — wait for vote (couple of days) — 1. As a test bridge $5 USDC to Ethereum mainnet ‘Community Treasury’ multisig (0x4a30c80A2c41312ce4ee79f730C8D84cAD9f7B31) using hop.exchange (~$2.5 in fees) 2. Bridge ~$25k USDC to Ethereum mainnet ‘Community Treasury’ multisig (0x4a30c80A2c41312ce4ee79f730C8D84cAD9f7B31) using hop.exchange (~$40 in fees) 3. Swap ~$25k USDC to BAL using cowswap.exchange (see [CowSwap now supports Gnosis Safe & other Smart Contract Wallets](https://cow-protocol.medium.com/cowswap-now-supports-gnosis-safe-other-smart-contract-wallets-5fef08e1a690)) 4. Pool BAL into [B-80BAL-20WETH](https://app.balancer.fi/#/pool/0x5c6ee304399dbdb9c8ef030ab642b10820db8f56000200000000000000000014/invest) 5. Lock pool tokens to [get veBAL](https://app.balancer.fi/#/get-vebal?returnRoute=vebal) 6. Vote using the ‘Community Treasury’ multisig on THX pool using [veBAL voting interface](https://app.balancer.fi/#/vebal) ---
**Author:** ![mieszko](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.thx.network/mieszko/32/26_2.png) [@mieszko](https://gov.thx.network/u/mieszko)\ **Post date:** [August 8, 2022, 1:09pm UTC](https://gov.thx.network/t/next-steps-diversify-25k-community-treasury-usdc-into-bal-vebal/54/2 "2022-08-08T13:09:43Z")
Moving forward with step 1) [[Proposal] Whitelist THX Network Gnosis Safe multisig for Balancer’s Vote-Escrow - Governance - Balancer](https://forum.balancer.fi/t/proposal-whitelist-thx-network-gnosis-safe-multisig-for-balancer-s-vote-escrow/3551) ---
**Author:** ![mieszko](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.thx.network/mieszko/32/26_2.png) [@mieszko](https://gov.thx.network/u/mieszko)\ **Post date:** [August 12, 2022, 9:27am UTC](https://gov.thx.network/t/next-steps-diversify-25k-community-treasury-usdc-into-bal-vebal/54/3 "2022-08-12T09:27:52Z")
Vote up at Balancer’s snapshot! [Balancer proposal: [BIP-41] Whitelist THX Network Gnosis Safe multisig for Balancer’s Vote-Escrow (snapshot.org)](https://snapshot.org/#/balancer.eth/proposal/0x6a79f1853c426cd2078a93119ba56228bd5915c241da3b157603cc98be3692cc) ---
**Author:** ![mieszko](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.thx.network/mieszko/32/26_2.png) [@mieszko](https://gov.thx.network/u/mieszko)\ **Post date:** [August 16, 2022, 7:07am UTC](https://gov.thx.network/t/next-steps-diversify-25k-community-treasury-usdc-into-bal-vebal/54/4 "2022-08-16T07:07:01Z")
> [@mieszko](#): > > As a test bridge $5 USDC to Ethereum mainnet ‘Community Treasury’ multisig (0x4a30c80A2c41312ce4ee79f730C8D84cAD9f7B31) using hop.exchange (~$2.5 in fees) Started step 2 with USDC approval for hop.exchange for our multisig. ---
**Author:** ![mieszko](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.thx.network/mieszko/32/26_2.png) [@mieszko](https://gov.thx.network/u/mieszko)\ **Post date:** [August 18, 2022, 12:46pm UTC](https://gov.thx.network/t/next-steps-diversify-25k-community-treasury-usdc-into-bal-vebal/54/5 "2022-08-18T12:46:27Z")
Test 5 USDC transaction received [Ethereum Transaction Hash (Txhash) Details | Etherscan](https://etherscan.io/tx/0x40fadb24ad3d329b9ccbf635cc27e9798ed7d60805e8b8d19376e5aa3d0f6026) ---
**Author:** ![mieszko](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.thx.network/mieszko/32/26_2.png) [@mieszko](https://gov.thx.network/u/mieszko)\ **Post date:** [August 19, 2022, 7:16am UTC](https://gov.thx.network/t/next-steps-diversify-25k-community-treasury-usdc-into-bal-vebal/54/6 "2022-08-19T07:16:06Z")
Step 3) completed; $25k bridged to mainnet Treasury [Ethereum Transaction Hash (Txhash) Details | Etherscan](https://etherscan.io/tx/0x946330b47343de645bdb0c60e48efb7811369fe9228e5c3dca244f999a07bdd6) ---
**Author:** ![mieszko](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.thx.network/mieszko/32/26_2.png) [@mieszko](https://gov.thx.network/u/mieszko)\ **Post date:** [August 24, 2022, 1:40pm UTC](https://gov.thx.network/t/next-steps-diversify-25k-community-treasury-usdc-into-bal-vebal/54/7 "2022-08-24T13:40:38Z")
Cowswap initiated 180 min limit [CoW Protocol Explorer](https://explorer.cow.fi/orders/0x2c2d637d853f2048d8688099fa50c2b72c94e0f2ebf5daba87f912c737f393114a30c80a2c41312ce4ee79f730c8d84cad9f7b3163065305) ---
**Author:** ![mieszko](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.thx.network/mieszko/32/26_2.png) [@mieszko](https://gov.thx.network/u/mieszko)\ **Post date:** [August 26, 2022, 7:22am UTC](https://gov.thx.network/t/next-steps-diversify-25k-community-treasury-usdc-into-bal-vebal/54/8 "2022-08-26T07:22:09Z")
step 4 completed bought 80% BAL [CoW Protocol Explorer](https://explorer.cow.fi/orders/0x071bfa99edf82d029c85395af47a87aafa2fc35e24bc625c833c0b0c8ed001064a30c80a2c41312ce4ee79f730c8d84cad9f7b3163089a72) 20% WETH [CoW Protocol Explorer](https://explorer.cow.fi/orders/0x37b6b7b1e413e12468c4f5a190bf4d6c5ba8abf6a97426fc5992f85a7646508f4a30c80a2c41312ce4ee79f730c8d84cad9f7b3163089c93) ---
**Author:** ![mieszko](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.thx.network/mieszko/32/26_2.png) [@mieszko](https://gov.thx.network/u/mieszko)\ **Post date:** [August 26, 2022, 7:41am UTC](https://gov.thx.network/t/next-steps-diversify-25k-community-treasury-usdc-into-bal-vebal/54/9 "2022-08-26T07:41:08Z")
All steps completed! THX Network owns ~1512 $veBAL 🙌 ![image](https://europe1.discourse-cdn.com/flex005/uploads/thx/original/1X/bfdd15031ad1fd14fc0cee1c7ebac49579c41a7a.png)