Summary: Pitch invites Frax to participate in its strategic liquidity round as a protocol DAO. This round includes active partners across the Frax ecosystem.
Background: Pitch is a new project that builds governance and economic tooling with a special focus on the Frax ecosystem. A full description of the project can be found on a previous governance forum proposal: https://gov.frax.finance/t/pitch-x-frax-comprehensive-partnership/1268, and discussion for this active proposal can be found on this governance forum: https://gov.frax.finance/t/fip-72-pitch-x-frax-treasury-swap/1395
Investment Terms: -$3,000,000 allocation for Frax protocol, 50% in FXS and 50% in FRAX. -$0.50/PITCH -$50M Fully Diluted Value -6 month lock / 2 Year Vest (vote-locking for revenue share to be built into token)
Actions: -For: Invest in Pitch and attain the full $3,000,000 allocation -Against: Do nothing