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mStable DAOmStable DAOby0x908DB31Ce01DC42c8B712f9156E969bc65023119mzeronine.eth

BadgerDAO Loan for Bootstrapping Vault Boost - Motion

Voting ended over 4 years agoSucceeded

It is motioned to lend the BadgerDAO a sum of 500,000 MTA for 90 days in order to help bootstrap the MTA boost received for users in the imBTC and mBTC/HBTC Vaults once they get deployed on the Badger dApp.

The loan is given in a trustless fashion, which is achieved by depositing and staking the loaned MTA in a VoterProxy contract that is managed by both the mStable core contributor team and the BadgerDAO.

After the term ends, the MTA will flow back into the mStableDAO treasury, and accrued rewards from this loan will remain in the VoterProxy contract.

Depending on initial success of these vaults, the loan duration can potentially be extended, which will mandate an additional formal vote by Meta Governors at least 14 days before the extension would take place.

Should this motion be brought forward and shared as a public proposal on the mStable forum and Snapshot page?

Off-Chain Vote

For
40 100%
Against
0 0%
Different Amount
0 0%
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Timeline

Aug 17, 2021Proposal created
Aug 17, 2021Proposal vote started
Aug 22, 2021Proposal vote ended
Oct 26, 2023Proposal updated