Thank you for the thoughtful responses to all of the questions! I wanted to drop a note here for full transparency on our end.
After observing the ENS endowment process, we want to make sure that we can assess and communicate implications of different treasury decisions clearly and confidently as possible. We have recently been focusing our efforts to better understand what risks and legal implications come with diversifying the treasury and mechanisms to do so (use of external asset managers vs creating a working group with multi sig power over part of treasury vs leaving all decisions up to token governance, etc.). We have started discussions with legal council to make sure we are well informed before making any big moves on treasury diversification.
We are trying to set up a meeting in early January, but the discussion with them may continue well into January/February. That being said, I believe it would make sense to hold off on moving this proposal forward until we have more information on what legal implications come with various treasury diversification options. I would be happy to hear any reactions to this from the community!