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GTON Capital (Fantom)GTON Capital (Fantom)by0xCed486E3905F8FE1E8aF5d1791F5E7Ad7915f01a0xCed4…f01a

GIP2.1: Fast voting cycle & first steps in liquidity management [Fantom]

Voting ended about 4 years agoSucceeded

Please note that this is a supplemental vote for a Graviton DAO proposal on Fantom blockchain. Make sure that your Metamask is switched to the Fantom Opera network. The primary DAO on Ethereum can be found here: https://snapshot.org/#/gton.eth/


This is Graviton's first Snapshot-based governance vote for a Graviton Improvement Proposal (GIP). In the spirit of "Occam's" strategy envisioned in the latest accepted proposal, we aim to keep the governance proposals simple and modular. Please have a look at the first proposed changes/actions to be undertaken below.

Part 1: Vote duration

In order for decision-making to take effect as fast as possible, the team of Graviton proposes to set up a fast Snapshot voting cycle of 48 hours.

Part 2: Liquidity management initial steps

The Occam’s proposal was accepted with the decision to convert 80% of the Treasury deposits into native assets and other “blue chip” tokens on a range of blockchains where GTON is present. To conduct the very first step in this process, the Graviton team proposes to start with converting 80% of the stablecoins in the Treasury into ETH on the Ethereum blockchain. Afterwards, we aim to swap and wrap that ETH further in order to set up liquidity on multiple chains with a variety of native assets and "blue chip" tokens.

Please discuss on Graviton forum: https://forum.graviton.one/t/gravitons-first-snapshot-proposal-fast-voting-cycle-first-steps-in-liquidity-management/356

Off-Chain Vote

Accept both Parts
220.44K 98%
Accept Part 1, Reject Part 2
4.49K 2%
Reject Part 1, Accept Part 2
0 0%
Reject both Parts
0 0%
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Timeline

Nov 04, 2021Proposal created
Nov 04, 2021Proposal vote started
Nov 06, 2021Proposal vote ended
Oct 26, 2023Proposal updated