Introduction The Mojomix DAO is gathered to vote on the improvements proposed on the last monthly report, denominated Mojomix Improvement Proposal #5, or simply MOJOIP#5
For the full video explanation please see
English: https://youtu.be/gViT0N6EMxM Spanish: https://youtu.be/Hr4NV3aHA28
CONTEXT Due to the recent volatility and the great results from the last month in terms of yield generation, we propose the following:
Bringing USDC position to 30% Increasing Uniswap V3 WETH/CVX to 30% Add Uniswap V3 WETH/FXS 1% at 30% Reduce WETH position to 10% Rebalancing mechanism unchanged at +/- 20%
The risks associated with the new strategy are:
WETH/CVX market price volatility (which affects pool AUM + rewards value) WETH/FXS market price volatility (which affects pool AUM + rewards value) Smart contract risks related to Uniswap V3 (contract security audit here) Smart contract risk related to Enzyme protocol (contract security audits here)
Despite the strategy update, the long term objective of the vault strategy remains unchanged, which is to generate a performance higher than simply “holdling” BTC.
VOTE TYPE The vote type is simply YES/NO/ABSTAINED
DEADLINE The deadline for submission of your vote is Saturday Sep 24 2022, 23:59
HOW TO Connect your metamask wallet to the snapshot space Join the Mojomix DAO space Select the desired answer Validate by signing the transaction with your metamask (gas free) Voting power is equivalent to the % of ENZF tokens held in your wallet relative to the overall token emission.
OUTCOME The outcome of this decision will be determined by the simple majority at the end of the given voting period. 51% is required in order for the proposal to get ratified.
IMPLEMENTATION If approved, the implementation of MOJOIP#5 will take place before 25 August 2022, 23:59.