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BUILD FinanceBUILD Financeby0x2Cb037BD6B7Fbd78f04756C99B7996F430c581720x2Cb0…8172

Proposal #7: sell 5k of BUILD during the METRIC farming

Voting ended over 5 years agoSucceeded

The following proposal aims to use the farming period of METRIC to help fund our treasury.

METRIC farming is likely to result in a short-term price appreciation of BUILD. During the farming period, we can market sell 5k BUILD from the dev fund for aDAI.

The treasury can then be used to fund the development of other products.

If passed, 5k of BUILD from the dev fund will be sold for aDAI at the following price points:

  • 500 BUILD if the price gets to $20 / BUILD ($10k)
  • 500 BUILD if the price gets to $30 / BUILD ($15k)
  • 500 BUILD if the price gets to $40 / BUILD ($20k)
  • 500 BUILD if the price gets to $50 / BUILD ($25k)
  • 500 BUILD if the price gets to $60 / BUILD ($30k)
  • 500 BUILD if the price gets to $70 / BUILD ($35k)
  • 500 BUILD if the price gets to $80 / BUILD ($40k)
  • 500 BUILD if the price gets to $90 / BUILD ($45k)
  • 500 BUILD if the price gets to $100 / BUILD ($50k)
  • 500 BUILD if the price gets to $110 / BUILD ($55k)

This could give us a theoretical maximum of $325,000 in aDAI.

Off-Chain Vote

For
26.19K 97.9%
Against
550 2.1%
Download mobile app to vote

Timeline

Sep 25, 2020Proposal created
Sep 25, 2020Proposal vote started
Sep 26, 2020Proposal vote ended
Jan 23, 2024Proposal updated