OTC Sale of Radial’s Solidly veNFT #12 for $1M

This vote is being put forward to ascertain whether Radial token holders approve or disapprove of the Radial team carrying out an OTC sale, on behalf of the protocol, of Solidly veNFT #12 for $1M.

Radial received the veNFT as one of 25 projects on the Fantom network chosen according to their total value locked (TVL) at a snapshot taken prior to the release of the Solidly exchange. Holders of these veNFT’s were granted 25% of the protocol in perpetuity and this percentage remains fixed due to dilution not applying to them.

The revenue from the sale would be sent to the project treasury, where it would be used to develop the project.

veNFT #12

SOLID voting power: 917,281 Vest Expires: 2026-02-05

Pros:

The addition of ample stablecoin funds to the protocol treasury, that can be used to fund growth. An OTC sale of veNFT #12 will not impact the price of SOLID.