MCP-2023/6 - Secondary Asset Accumulation

Dear MONSTA Community,

In response to the community's active participation in our recent discussion poll, we are presenting a new proposal for your consideration. This proposal addresses the collection of assets, specifically CAKE and BNB, for our secondary asset vaults. Your input is instrumental in shaping the future of our Monsta ecosystem.

Background:

In our first cycle, we successfully collected a combination of CAKE and BNB for the secondary asset vaults. Unclaimed shares were rolled over to cycle 2. Although the price performance of CAKE during cycle 1 ended up being poor due to a number of factors, the overall outlook from the community remains bullish for the upcoming end of cycle 2 with a high potential for upward movement. Based on the discussion poll and the resulting conversations had between the community and DCE holders, the following options are presented for vote to all MONSTA token holders:

The Proposal:

1. Option 1: 50/50 Split

   • Equal allocation of CAKE and BNB for secondary asset vaults.

2. Option 2: 70% CAKE, 30% BNB

   • Majority of assets in CAKE with a smaller allocation of BNB.

3. Option 3: 30% CAKE, 70% BNB

   • Majority of assets in BNB with a smaller allocation of CAKE.

4. Option 4: Reject Proposal

   • If you believe the current approach should not continue.

What's at Stake:

The chosen solution will significantly impact the sustainability and performance of our secondary asset vaults. Your vote will determine our future course of action.

Voting Period:

The voting period will last for a period of 7 days, providing ample time for every member to cast their vote. Your voice is essential, and we encourage active participation in this crucial decision.

How to Vote:

1. Connect your wallet to the snapshot.org platform here.
2. Select your preferred option: 1, 2, 3, or 4.
3. Complete the transaction to cast your vote.

Outcome:

If this on-chain proposal passes, we will work to promptly implement the chosen solution. However, if the proposal is rejected, the issue will be returned to DCE holders to craft a new proposal.

Your participation is invaluable as we strive to create a sustainable and prosperous Monsta ecosystem.

Thank you for your dedication and support!