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Bulls on the BlockBulls on the Blockby0x0b1B80Fa4f13D193E65779ca2Bb6431A55B1B4Cfbigbull.eth

Convert 5 Eth to USDC from the Community Wallet

Voting ended over 4 years agoSucceeded

Resolution To convert 5 ETH to USDC if 1 ETH > 5000 USDC.

N.B. Crypto valuations fluctuate and the ETH price may be worth more or less in USDC terms at some point in the future.

Rationale

  1. Portfolio Balance and Risk management.
  2. The community wallet is to be partly used for real life events (IRL) and other fun activities TBC.
  3. Can also be used in DEFI to gain a yield on aave.com

FYI - At the time of posting (within 1 hour) 1 Ethereum (ETH) = 4,558 USD Coin (USDC) https://coinmarketcap.com/converter/

Notes

  1. The trade will be made on Uniswap and could be sold up to 5% below the target price of 5000 USDC.
  2. Please note the exchange gas fees will also be deducted from the Community Wallet Balance.
  3. Chief Bulls can decide to leave in the wallet or put to earn Yield on a DEFI platform such as aave.com
    (Currently - Deposit APY 5.32%,Deposit APR 5.19%)

See Wallet details below: CW wallet https://etherscan.io/address/bullsontheblock.eth - Community wallet.

Off-Chain Vote

YES
276 97.2%
NO
8 2.8%
Download mobile app to vote

Timeline

Nov 03, 2021Proposal created
Nov 03, 2021Proposal vote started
Nov 04, 2021Proposal vote ended
Jun 25, 2025Proposal updated