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SQUID DAOSQUID DAOby0xF94241bAa46171b724eD535314963B45F84c9F160xF942…9F16

Purchase $250k of BTFLY to kickoff Redacted partnership

Voting ended about 4 years agoSucceeded

SquidDAO: SquidDao through a combination of market buying and bonding will take a $250,000 position in BTFY and stake it.

Redacted: Redacted will start offering Squid Bonds in order lock Squid for veSquid. Redacted will max lock all bonded Squid for 4 yrs and never sell. Their goal is to accumulate governance tokens and influence protocols. Squid fits this mission.

They will offer these bonds indefinitely and target at least $1M in Squid over time.

A few notes:

  1. This has the potential to move a lot squid into 4 yr lock
  2. It also could bring in new buyers who are looking to get a discount on BTFLY and see squid is an asset redacted is bonding.
  3. Potential for greater yield on ETH by having another protocol in our governance ecosystem.
  4. This proposal will also have to pass on the Redacted side of governance.

Off-Chain Vote

Buy $250k of BTFLY
38.99 100%
Don't do Redacted Partnership
0 0%
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Timeline

Dec 30, 2021Proposal created
Dec 30, 2021Proposal vote started
Jan 02, 2022Proposal vote ended
Oct 26, 2023Proposal updated