Proposal

Voting ended almost 4 years agoSucceeded

MoneySwitch invites FRAX to participate in the MoneySwitch seed round as a protocol DAO, alongside other key strategic partners including BitKub, DeeMoney, Decentralized, and others. Holding MST will extend protocol governing rights including platform revenue distribution and will align incentives between our communities. In addition, MoneySwitch will open a FRAX lending pool, allowing cross-border payment providers to borrow FRAX. Extending the utility and reach of FRAX and allowing FRAX holders to earn attractive yields by stacking FRAX. MoneySwitch will also create an MST / FRAX liquidity pair and allow liquidity providers to stake their LP tokens in the Credit Default Protection Pool to both secure lending on MoneySwitch and generate further opportunity for FRAX holders to earn attractive yields.

Investment Terms

$250,000 allocation for FRAX Protocol $0.035/MST $35M Fully Diluted Value Investment paid for in AMO Profits 1 year lock, then 2 year vest with quarterly release

Actions

For: Invest in MoneySwitch & attain the full $250k allocation Against: Do nothing

See governance thread for more details: https://gov.frax.finance/t/moneyswitch-partnership-seed-round/845

Off-Chain Vote

For

11.44M 99.9%

Against

12.01K 0.1%

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Timeline

Mar 16, 2022Proposal created

Mar 16, 2022Proposal vote started

Mar 23, 2022Proposal vote ended

Oct 26, 2023Proposal updated