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
- Portfolio Balance and Risk management.
- The community wallet is to be partly used for real life events (IRL) and other fun activities TBC.
- 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
- The trade will be made on Uniswap and could be sold up to 5% below the target price of 5000 USDC.
- Please note the exchange gas fees will also be deducted from the Community Wallet Balance.
- 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.