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CND DAOCND DAOby0xAAf34Ade90110058817D37B74eF8106dDcfFE48C0xAAf3…E48C

CND DAO Funds Disbursement Proposal August

Voting ended over 3 years agoSucceeded

We took our chances with a burn, without much effect. We are not working with much capital month to month, so it is imperative that we put what we receive to greatest use. As of now there are two places we need to place funds that will be directly beneficial:

  1. The Cindicator ecosystem requires incentivized predictors to continue feeding data to the system and produce output for products. Continuing payouts to predictors is an integral part of keeping the system going. We should pay the predictors. That was done this month, but i include it here to establish the importance of this going forward.

  2. Whatever is left over from payouts, should be used to market buy CND and ETH (whichever pool has more traffic) from Bittrex, and stake it in the liquidity pool. Uniswap is currently the only place US participants (and most that purchase) can go to get CND. There is such low liquidity currently that anyone wanting to buy in will lose double digits in % change from the action of buying. deeper liquidity will make people able to get tokens, and interact with the system.

With all that established, I propose that for the month of August, we commit the remainder of the DAO treasury to purchasing an equal portion ETH/CND and adding those funds to the Uniswap LP Pool.

Off-Chain Vote

Use funds to stake the LP pool
30.42M CND100%
Do something else with funds
0 CND0%
Quorum:152%
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Timeline

Aug 03, 2022Proposal created
Aug 03, 2022Proposal vote started
Aug 05, 2022Proposal vote ended
Oct 26, 2023Proposal updated