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Wall Street ChadsWall Street Chadsby0x2a4a4E3F335aFA7BB76c0c2B82BBF11A5Ed0e4c6warroomcap.eth

Invest 1eth into 2x BTC token until BTC hits $100k

Voting ended about 4 years agoSucceeded

Firstly, I hope everyone enjoyed their weekend. If you're readying this, you likely got introduced to crypto via BTC or ETH and then found NFTs. BTC is going to $100k and there's nothing any of us can do about it. IT IS ONLY A MATTER OF TIME.

INVESTMENT - I propose the corp takes a 2x leveraged position in Index Coop's BTC 2x Flexible Leverage Index. This is an ERC-20 token linked to BTC through collateral on the Compound network. Similar to my ETH 2x BTFD proposal, this coin is from the same leveraged index company, Index Coop. They are well known for the DPI, DeFi Pulse Index token as DeFi became popular last year. The company and products have been vetted as trustworthy and legitimate.

DUE DILLIGENCE - https://indexcoop.com/bitcoin-flexible-leverage-index-btc2xfli

The Bitcoin Flexible Leverage Index (BTC2X-FLI) makes leverage effortless. The end user does not have to worry about:

  • Monitoring their leveraged loan 24/7, having to always be ready to act.
  • High fees, transactions not being included fast enough or the relative UIs being unresponsive during times of high volatility.
  • Users don't have to manage their liquidation ratio since this is automatically managed by FLI, which drastically reduces liquidations, even during black swan events.

BTC2X-FLI has several key advantages over Legacy Leveraged Tokens: ‍

  • Zero slippage via composable entry and exit.
  • Unique Index algorithm reduces rebalancing needs by an order of magnitude.
  • Emergency deleveraging possible during Black Swan events for additional fund safety.

SALE PRICE - SELL WHEN BTC HITS $100k - we all know it's coming, just a matter of when... TIME FRAME - hopefully short, hopefully not long. RISK - LOW/MEDIUM - sort of a matter of time.

ROI - BTC at ~$40,000 USD means a 2.5x return to $100k. This is a 2x leveraged token, so after fees, depending on how long it takes for BTC to reach $100k, we're probably looking at 4.75x or nearly a 400% return.

Forever, for the Corp! Legweak

Off-Chain Vote

For
303 88.3%
Against
23 6.7%
Abstain
17 5%
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Timeline

Mar 13, 2022Proposal created
Mar 13, 2022Proposal vote started
Mar 17, 2022Proposal vote ended
Oct 26, 2023Proposal updated