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Jarvis NetworkJarvis Networkby0x03C2Bc72A3E007179E54fFb4563cc235beC8151ajarvis.lens

p37 on and off-ramp budget

Voting ended about 4 years agoSucceeded

Discord: https://discord.com/channels/664096525986824243/926033755402010655/926039114992746527

To maintain our 0-fee fiat on and off-ramp with Mt Pelerin, we need to budget $140k to subsidize the next $20M (from January the 1st).

I propose that Jarvis LTD finance $40k and the treasury the other $100k. The $100k can be financed through the cash-flow + some OTC deals and selling UMA / taking profit on some trades.

Link of the treasury: https://zapper.fi/bundle/0x2ca74be68f0a0e053f030d143c1376806babedc9,0x2709fa6fa31bd336455d4f96ddfc505b3aca5a68,0x8ef00583baa186094d9a34a0a4750c1d1bb86831?label=Jarvis&id=0x19d41d112d63f020e559382bdab16b16b22261ac

(to which you should add ~180k of assets: $12k of CRV, +100k of USDC, and ~$70k of UMA)

Vote: YES - use $100k from the treasury to finance the fiat on and off-ramp NO - need to discuss this more

Off-Chain Vote

YES
9.16M 98.8%
NO
107.91K 1.2%
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Timeline

Mar 15, 2022Proposal created
Mar 17, 2022Proposal vote started
Mar 20, 2022Proposal vote ended
Apr 21, 2025Proposal updated