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TOADAOTOADAOby0x31C31bFbAc26e7940D3E4f43d0d0B9910b20ad8a0x31C3…ad8a

Crypto Panda Proposal: Proposal: Allocating 20% of our total $LINK stack via the CLL official website for staking

Voting ended over 2 years agoFailed

---NOTE: Because this proposal utilizes $7,777.77 or more of treasury funds, passage will require a two-thirds-plus-one majority---

General access for staking launches on 11 December. To have a chance at staking we need to discuss if we proceed to stake or not.

The proposal entails staking 20% of our existing $LINK holdings through the DAO, utilizing the official CL website. This not only facilitates staking but also opens up opportunities to earn Build Tokens. The proposed staking amount is 2,623 $LINK.

This strategic move would yield an annual return of 124.63 $LINK, contributing to the growth of our pool and unlocking potential BUILD rewards.

In the event that we do not secure General Access, we will temporarily forgo the staking option until a suitable opportunity arises for future participation. The reason for 20% would be to have some available funds at our disposal in case of emergencies and/or the possibility to sell at certain points in the uptrend. The desire is to gain as much $link possible for the next bull market.

This vote is solely about staking 20% of the stack.

Off-Chain Vote

Yes
14 LTOAD93.3%
No
1 LTOAD6.7%
Quorum:75%
Download mobile app to vote

Discussion

TOADAOCrypto Panda Proposal: Proposal: Allocating 20% of our total $LINK stack via the CLL official website for staking

Timeline

Nov 17, 2023Proposal created
Nov 17, 2023Proposal vote started
Nov 19, 2023Proposal vote ended
Nov 19, 2023Proposal updated