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RomeDAORomeDAOby0x994F1454E1E70E7Cb2EbFE5cD577222E76f51E240x994F…1E24

RIP-015: DCA $500k from Treasury STABLE reserves into wBTC/xcKBTC and xcKSM/stKSM stable LPs

Voting ended almost 4 years agoSucceeded

This proposal seeks to Dollar Cost Average a total of ~$500k, a ~1.9% treasury allocation in the form of ~$175k from Treasury STABLE reserves to procure wBTC/xcKBTC LP position, and ~$325K from Treasury STABLE reserves to procure xcKSM/stKSM LP; both purchased and deposited into treasury holdings at Scholar's discretion.

Both LPs will be staked for additional rewards.

Non-SOLAR and non-MOVR rewards will be swapped for underlying assets.

SOLAR and MOVR rewards, being partner tokens, will be staked/supplied for additional yield which will be used at Scholar’s Discretion.

• Should the vote say Acquire ONLY wBTC/xcKBTC LP, Scholars shall DCA the suggested amount of ~$175K from Treasury STABLE reserves.

• Should the vote say Acquire BOTH LPs, Scholars shall DCA ~$175k into wBTC/xcKBTC stable LP and DCA ~$325k into xcKSM/stKSM stable LP for a total of ~$500k from Treasury STABLE reserves.

• Should the vote say DO NOT Acquire EITHER LP, Scholars shall move on with their lives.

Off-Chain Vote

Acquire ONLY wBTC/xcKBTC LP
6.09K sROME3.3%
Acquire BOTH LPs
144.79K sROME77.7%
DO NOT Acquire EITHER LP
35.41K sROME19%
Quorum:621%
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Discussion

RomeDAORIP-015: DCA $500k from Treasury STABLE reserves into wBTC/xcKBTC and xcKSM/stKSM stable LPs

Timeline

Apr 23, 2022Proposal created
Apr 23, 2022Proposal vote started
Apr 26, 2022Proposal vote ended
Oct 26, 2023Proposal updated