TDP 39: Addendum to DTOP Liquidation
As an addendum to TDP 36 (DTOP Liquidation) it is proposed to reconsider the swap part of the proposal as CVX token price substantially increased (more than doubled) in the last three weeks and the DTOP position liquidation turned out to be paid in a mix of assets (sETH, sBTC, sUSD).
It is proposed to swap the sBTC to an equal amount of sBTC and sETH, and use the remaining sUSD portion to purchase CVX as originally ratified in TDP 36.
The sBTC are to be swapped into WBTC and put into the 50/50 WBTC/WETH pool on Balancer to generate BAL rewards that are to be compounded in perpetuity into the existing 80/20 BAL/WETH position on either Balancer or Aura Finance, while the sETH are to be swapped into WETH and be subsequently put into the new icETH product from Index Coop.
Links
- RFC: Addendum to DTOP Liquidation TDP
- Proposal: TDP 39: Addendum to DTOP Liquidation
- Discussion: TDP 39: Addendum to DTOP Liquidation
Should the previously agreed upon swap of DTOP be altered and executed to the specifications as outlined in TDP 39?
Off-Chain Vote
For
4.19M vMTA100%
Different Strategy
0 vMTA0%
Timeline
Apr 25, 2022Proposal created
Apr 25, 2022Proposal vote started
Apr 29, 2022Proposal vote ended
Oct 26, 2023Proposal updated