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Bag.winBag.winby0xb3Ab3a2f58a7d91Fe3Dcf9ABAd53C0dD1603B847ryandg.eth

Sell MANA to provide ETH-$DG Uni-V2 LP

Voting ended about 5 years agoSucceeded

Background:

The Decentral Games Treasury has ~850K MANA, ~2K $DG, and provides 5.7% of the Uni-V2 ETH-$DG LP.

Proposal:

Sell 400K MANA for ETH, pair that ETH with ~900 $DG from the $DG Treasury, and provide an additional ~5% of the Uni-V2 ETH-$DG LP.

Rationale:

This will bring our ETH-$DG Uni-V2 Pool position to over 10% and give us > 100% APY on these funds currently making 0% APY (while held in MANA and $DG). This proposal also fits into our strategy to allocate less over time to LP and provide more and more of it ourselves.

Off-Chain Vote

YES
32.81K 93.3%
NO
2.34K 6.7%
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Timeline

Feb 27, 2021Proposal created
Feb 27, 2021Proposal vote started
Mar 04, 2021Proposal vote ended
Mar 03, 2025Proposal updated