Utilize AXS Staking Yield

Proposal Type: Strategy

Creator: Oleg Relic Type: Archmage

Overview: The MetaBrands Treasury initially bought $250,000 worth of AXS and put it into the official Axie Infinity (Ronin) single-sided staking contract. At the time of writing this proposal, the earned rewards are re-staked (compounding). I suggest we start to convert/sell this rewards in a 75%/25% split. See the following details.

Additional Details: I suggest a sell and compound strategy as follows:

• We sell 75% of rewards on a monthly basis
• We keep 25% of rewards compounding to grow our position

Note: I want to highlight my proposal affects only the delta between the 2,500 AXS and the accumulated APR. The initially bought 2,500 AXS is untouched and growing. See my example calculation

Let's assume we generate 100 AXS per month (example number). By the end of the yield interval, we sell 75 AXS to use these profits for our MAGE Yield Airdrop (https://whitepaper.metabrands.io/airdrops). 2,525 AXS will stay in the contract and is used to grow our position within this investment.

Next month, we follow and repeat the 75/25% strategy every month, until voted otherwise.

Timeline: Monthly, before MAGE Yield Airdrop

Bounty/Payment: none

Receiver: none

Final Notes: This way we can add a consistent income source for the MAGE airdrops, but also compound a smaller portion to grow our positions within DAO investments and other ecosystems.