It is proposed that TRANQ be purchased after the xTRANQ unlock.
It is widely expected that the xTRANQ unlock may cause the TRANQ price to drop, which could represent a buy opportunity.
The treasury currently holds approximately $25k of TRANQ.
Specifically,
- Funds will be taken from the current stablecoin allocation
- TRANQ is proposed to be purchased within 2 days of the xTRANQ unlock
- The purchase will only go ahead if the price is below $0.40
- The purchased TRANQ will be locked for 6m and will fund the airdrops and DeFira farming
- The current APR is 300% - of which roughly half is from FIRA
The votes will be as follows:
25k allocation, 50k, 75k, no new allocation