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InstadappInstadappby0x4604E3bFbaCcB317a6FfEde8Bf24105F476A7329defi_made_here.lens

Divest $MORPHO position

Voting ended about 1 year agoSucceeded

Text: ##Summary Proposal to divest Instadapp's $MORPHO position.

##Context As a heavy and early user of Morpho via the DeFi Smart Layer (DSA) product, Instadapp has farmed a sizable $MORPHO position over the years which recently became tradeable with the $MORPHO unlock event.

This position of 1.4m $MOPRHO tokens is held at 0x9600a48ed0f931d0c422d574e3275a90d8b22745 and worth $5m at current market prices.

##Specification The sale will be executed through Wintermutes OTC desk which Fluid already has a relationship with. Wintermute has an excellent reputation and guarantees swift execution.

The $MOPRHO tokens would be sent to a team multi-sig and the Fluid team will execute the rest of the transaction.

###Voting Options For: Approve $MORPHO sale Against: Reject $MORPHO sale

Off-Chain Vote

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2.9M INST100%
Against
0 INST0%
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Discussion

InstadappDivest $MORPHO position

Timeline

Jan 08, 2025Proposal created
Jan 08, 2025Proposal vote started
Jan 10, 2025Proposal vote ended
May 12, 2025Proposal updated