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GitcoinGitcoinby0x86d3ee9ff0983Bc33b93cc8983371a500f873446androolloyd.eth

[Execution Phase] How do we best go forward to divest our position of AKITA?

Voting ended over 4 years agoSucceeded

After some conversations with the Akita community it has become clear that the best path to maximize our ETH outcome is to enable some form of participation with them.

Highlights:

There will be a buy back and burn program that funds the AKITA LBP, for every 1 AKITA purchased X will be burned. Specifics not finalized.

The ETH raised here will be put into the LBP with a time of completion set for 3 months.

Based on our conversations I propose the following:

Option 1:

We split the LP Tokens as follows: 40% to Gitcoin 40% to Akita (streamed over the length of the LBP through Sablier) 20% to a Charity (yet to be chosen) funds ETH raised will be delivered VIA Gitcoin, post sale.

Option 2:

We split the LP Tokens as follows: 80% to Gitcoin 20% to a Charity (yet to be chosen) funds ETH raised will be delivered VIA Gitcoin, post sale.

We agree to burn more Akita via Sablier by streaming to the 0x000 address Y tokens for each X Akita in the LBP.

Option 3:

We don't split the LP Tokens

We agree to burn more Akita via Sablier by streaming to the 0x000 address Y tokens for each X Akita in the LBP.

Without a serious burn or a share of the ETH being raised, AKITA is not in a position to cooperate.

Off-Chain Vote

Option 1
2.06M 89.9%
Option 2
6.31K 0.3%
Option 3
225.11K 9.8%
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Timeline

Jun 11, 2021Proposal created
Jun 11, 2021Proposal vote started
Jun 14, 2021Proposal vote ended
Oct 26, 2023Proposal updated