This proposal is to determine whether we should reinvest our profits from the March cycle or pay them out to Stonk Society NFT holders.
The value of the treasury at the beginning of the cycle was 35,600 FTM. As of April 4, 2022 the value of the treasury is 25,875 FTM. The profit earned from farming by the strategies we chose amounts to 2,066 FTM. There are 3,159 holders eligible for profit sharing per the random snapshots. This means that each Stonk (or DMD founders token) in an individual's wallet would receive 0.65 FTM if we voted to pay out profits to holders.
It is worth noting that when we invested in our strategies at the beginning of the month, FTM was at $1.91 and when we removed funds from our investments FTM was at $1.57.
The vote is a simple yes/no. The options are to reinvest 2,066 FTM into the strategies chosen by an upcoming vote in the next cycle or pay 2,066 FTM out to the holders.