AIP #28 - DWF Labs $SPELL Token Loan and Purchase Plans
tl;dr: Approve the offer proposed by DWF Labs in AIP #28, selecting DWF as the DAO market makers.
DWF's aim is to enhance liquidity for SPELL across both Defi and centralized exchanges by requesting a 4,620,000,000 SPELL (1.8m USD) token loan and a 1m USD worth of token purchase at a 15% discount, locked for 24 months coming from future SPELL emissions budget.
Further details on DWF's offer, can be find in detail in the body of AIP #28.
📖 Read more about it: https://forum.abracadabra.money/t/aip-28-dwf-labs-spell-token-loan-and-purchase-plans/4361
Off-Chain Vote
Yes, Approve DWF Proposal
4.57B SPELL98.4%
No, Do Not Approve DWF Proposal
72.63M SPELL1.6%
Quorum:155%
Timeline
Sep 11, 2023Proposal created
Sep 11, 2023Proposal vote started
Sep 14, 2023Proposal vote ended
Mar 12, 2025Proposal updated