Proposal #8: Adjust price point for the partial sale of BUILD dev fund

Voting ended over 5 years agoSucceeded

In proposal #7 (https://snapshot.page/#/build/proposal/QmX15fThuXkGqLVjm6oFAqY168UpgUqB2qujWkKYdQcc1a), we've voted to liquidate 5k BUILD from the dev fund for DAI at various price points.

1500 out of the 5000 have already been sold and generated 49k of DAI for our treasury.

We propose to liquidate the remaining 3500 BUILD at a price of 0.1 ETH / BUILD or better.

With the current large liquidity pool, this sale would only move the price by about 5%.

The result would give us an additional 100-130k DAI. The current treasury balance is 49k DAI. After this order, we could have around 150-200k DAI. Ready to be deployed for product development to expand our revenue sources.

Off-Chain Vote

For

4.46K 99.8%

Against

10.12 0.2%

Download mobile app to vote

Timeline

Sep 30, 2020Proposal created

Sep 30, 2020Proposal vote started

Oct 01, 2020Proposal vote ended

Jan 23, 2024Proposal updated