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FraxFraxby0x948820aCeF664AD0892555DBba70198a765850A2majorfomo.eth

Anzen seed round & partnership

Voting ended almost 4 years agoSucceeded

Proposal Anzen invites FRAX to participate in the Anzen seed round as a protocol DAO. This is an oversubscribed round with a strong investor syndicate including Mechanism Capital, a Frax/FXS ecosystem advocate. FXS holders benefit as a direct result since ANZ tokens would go toward the protocol balance sheet just like prior investments such as OHM and CVX. ANZ tokens when locked provides governing rights via veANZ to influence the distribution of income from the Anzen protocol. Additionally, as part of this proposal Anzen will open a FRAX single sided pool for users to earn yield by staking FRAX.

Investment Terms $500,000 allocation for FRAX Protocol $0.035/ANZ $35M Fully Diluted Value Investment paid for in AMO Profits 2 year lock, then 3 Year Vest with quarterly cliffs

Actions For: Invest in Anzen & attain the full $500k allocation Against: Do Nothing

See governance thread for more details: https://gov.frax.finance/t/anzen-seed-round-partnership/771

Off-Chain Vote

For
10.21M 88.1%
Against
1.38M 11.9%
Download mobile app to vote

Timeline

Feb 21, 2022Proposal created
Feb 21, 2022Proposal vote started
Feb 26, 2022Proposal vote ended
Oct 26, 2023Proposal updated