Vote to allocate $50,000 from Tempo DAO treasury to Cross Chain Farming

TLDR:

To continue growing our treasury, we propose allocating $50,000 to Cross Chain Farming, a new farming as a service (FaaS) platform. We also believe Cross Chain Farming is poised for explosive growth throughout 2022.

Background:

Having a growing treasury is key to the long-term viability of Tempo DAO. We have identified a huge opportunity to increase our treasury through periodic yield and price appreciation by investing in Cross Chain Farming. We're considering allocating $300,000 of our treasury to this protocol.

What is Cross Chain Farming?

Cross Chain Farming (CCF) is a fully audited cross-chain DeFi 3.0 Farming-as-a-Service (FaaS) DAO on the Binance Smart Chain. Their vision is to offer simple, affordable and transparent exposure to the world of cross chain DeFi. They use their treasury to farm across multiple chains and return the profits seamlessly back to Tempo DAO.

https://ccfdao.com/

Why we think this could be huge

Similar to our previous investments with ReFi and ECC, we would be able to amass passive income over time.

Passive income would be paid out through reflections on every buy. CCF is truly deflationary since there is a 1% burn on every buy.

They have a strong team that has doxxed to us that farms chains, 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 CCF token.