Previous discussion links are 404 for me.

Thank you for your proposal.

First, we would like to echo Oliver's comment on the proper redirection of the discussion link on Subsquare. The Polkassembly version works well but the Subsquare version requires a link fix.

Now the important stuff.
We are very happy to see the inclusion of RWA and t-bills into the treasury management as it is a very secure and regulated way to increase yield of treasury stable assets. Alternative and more risky approaches like on-chain lending have already had incidents in the past (Euler hack nuking Angle's treasury), so doing it on a regularized manner is paramount in this case.

Our main question is about the fees that the Polkadot Community Foundation will be taking for being the entity responsible enacting this referendum. Anemoy's fees are present at 0.15% yearly but the cost of the Polkadot Community Foundation is missing for now. This information becomes important because for 3M at 5% annual yield (average of the 0 through 6 month maturity bills) is 150k in a year so this information is important to know how much of the yield will be required for the payment of the PCF services. Also, we have take in mind that many analysts forecast that the interest rates will lower soon however this decrease is projected to take months (5.4% to 3.5% in 18 months for the 3 month t-bills according to JP Morgan).