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Lava FinancialLava Financialby0xb51115c7527A4D23AeA3f6d63Df40653C0819f6C0xb511…9f6C

How Should Lava Seed Investments Be Handled?

Voting ended about 3 years agoSucceeded

Lava is dissolving, and therefore a decision must be made on how to handle the remaining seed investments.

We would like to distribute what is left in the treasury (about $35k, potentially more) and also hold this vote to determine what to do with the seed investments.

There is about $50k worth that we could potentially sell to a willing buyer (most likely at a loss/discount).

This vote is to determine whether we liquidate the seed investments or not. If we do not liquidate, this just means that we will sell them as they vest and distribute the USDC accordingly.

The upside of liquidating now is that you will get funds immediately, but likely at a larger loss.

The upside of liquidating over 2+ years is that there is the potential for the projects to do well and receive a multiple on the investment, therefore potentially recouping more of your investment.

Please take all of this into account before making your decision.

You will use your old gLAVA tokens to cast your vote.

Off-Chain Vote

Liquidate as much as possible
122.2K gLAVA77.7%
Distribute over 2+ years
35K gLAVA22.3%
Download mobile app to vote

Timeline

Jan 05, 2023Proposal created
Jan 05, 2023Proposal vote started
Jan 09, 2023Proposal vote ended
Oct 26, 2023Proposal updated