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SQUID DAOSQUID DAOby0x0F45156F109e474295913D78036FA213b1745D5Aalexschwartz.eth

SquidDAO to Purchase $250K of TOKE

Voting ended about 4 years agoSucceeded

Intro: Tokemak is building a Liquidity as a Service platform, with their native TOKE serving as the mechanism to direct liquidity. Similar to the Curve Wars of today, the Liquidity Wars of tomorrow are coming, and I support the fund buying $250K of TOKE and depositing on the Tokemak platform, with the aim of maximum APR return with regard to Token Reactor Voting.

Purchasing TOKE will give SquidDAO some control on future decentralized Token Reactors of interest to SquidDAO.

Rationale: Owning TOKE will enable us to direct liquidity to particular Token Reactors in the short term (Good for us and good for supporting friends), with a potential avenue to spin up a Squid Token Reactor as soon as the Tokemak team launches decentralized reactors.

For: SquidDAO to purchase $250K of $TOKE (at undisclosed time). SquidDAO to deposit TOKE and vote for maximum APR return with regard to Token Reactor Voting.

Against: Do Nothing.

Off-Chain Vote

For
35.97 100%
Against
0 0%
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Timeline

Jan 04, 2022Proposal created
Jan 04, 2022Proposal vote started
Jan 07, 2022Proposal vote ended
Oct 26, 2023Proposal updated