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BooBanker Research AssociationBooBanker Research Associationby0x3d2f61ff2F217498c0d236D6246D618CAdE5b5b4cmtzco.eth

Swap Marketing Fund to Stablecoin

Voting ended about 5 years agoSucceeded

Problem:

The marketing fund is held in BOOB and since it is subject to market volatility this can mean the marketing fund can be worth either a lot or a little based on BOOB price.

Proposed Solution:

We should hold either all or some of the marketing fund in a stable coin such as USDN. Understandably if all that boob was sold for a stablecoin it would appear as a dump so this should be coordinated and at a steady rate to not further impact the price of BOOB.

The stablecoin we might benefit from is USDN as it provides ~10% APY just for holding in a wallet so this marketing fund would also grow just by being held without being subject to market volatility.

Choices

  • SWAP FULL FUND: This would be in favor of moving the entire marketing fund to USDN
  • SWAP PARTIAL FUND: This would be in favor of moving part (50% or less) of the marketing fund to USDN
  • KEEP IN BOOB: This would be in favor of keeping it in BOOB how it is currently
  • MODIFY PROPOSAL: This would mean you are interested in the proposal but would like some of the terms to be modified

Off-Chain Vote

SWAP FULL FUND
0 0%
SWAP PARTIAL FUND
956.34 100%
KEEP IN BOOB
0 0%
MODIFY PROPOSAL
0 0%
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Timeline

Dec 05, 2020Proposal created
Dec 05, 2020Proposal vote started
Dec 08, 2020Proposal vote ended
Oct 26, 2023Proposal updated