Vote to allocate $50,000 from Tempo DAO treasury to ECC
TLDR:
To continue growing our treasury, we propose allocating $50,000 to ECC, a new farming as a service (FaaS) platform. We also believe ECC is poised for explosive growth throughout 2022.
What is ECC?
ECC is a platform on the Binance blockchain that will allow us to simply earn passive income through DeFi. They use their treasury to farm across multiple chains and return the profits seamlessly back to Tempo DAO.
Why we think this could be huge
Similar to our previous investment with ReFi, we would be able to amass passive income over time.
Passive income would be paid out through reflections on every buy. ECC is truly deflationary since there is a 1% burn on every buy.
They have a strong, doxxed team that bridges the gap between CeFi, TradFi, and DeFi, which we believe could help Tempo DAO reach a higher level. We believe they have a lot of room to grow throughout the coming years. This growth can only benefit Tempo DAO as holders of the REFI token.
Off-Chain Vote
Yes, grow the treasury
22.02K 98%
No, better find another FaaS
457.6 2%
Timeline
Jan 12, 2022Proposal created
Jan 12, 2022Proposal vote started
Jan 13, 2022Proposal vote ended
Oct 26, 2023Proposal updated