Raid Guild Funding for Milestone 1
This proposal is to request 4750 DAI to fund Raid Guild’s completion of the first milestone in their proposal. The funding will be used to redesign the application based on information they gather during their first design sprint.
Raid Guild's proposal can be found here for your review: https://hackmd.io/P1OBEzDBRIOKZ9_gGKjlyA?view
Proposed Treasury Actions
- Borrow 4750 DAI as jEUR (so the debt in EUR-denominated)
- Swap jEUR to 4750 DAI
- Bridge 4750 DAI to xDAI
- Deposit 4750 xDAI into the Raid Guild Escrow contract
In the event borrowing this much will push the loan-to-value above 40%, additional ETH will be added to Aave from the ibAlluoETH position.
Off-Chain Vote
Yes, fund the milestone
368.8K RIC100%
No, take no action
0 RIC0%
Quorum:148%
Timeline
Oct 01, 2022Proposal created
Oct 01, 2022Proposal vote started
Oct 03, 2022Proposal vote ended
Oct 26, 2023Proposal updated