Mantadao - Proposal

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MIP-10

Building MantaDAO PoL of stATOM/MNTA pool #1: DCA MNTA -> ATOM

Completed

Proposer: kujira1q6n...tlg4l0cucz

Proposal Tx 25C703A764...5448F12101

Execute Tx 0EB69CF97D...F002FEA1B4

In order to launch the following DCA strategy: MNTA -> KUJI DCA, then KUJI -> ATOM DCA (via CALC) for the total amount of 500K MNTA at a rate 500 MNTA per hour for ~1.5 months, I propose to send 500K MNTA to Mike's address as intermediary to let him implement the following steps: 1. Create MNTA -> KUJI DCA out weighted scale strategy for swapping 500 MNTA per hour, 500K MNTA in total. 2. Create KUJI -> ATOM DCA out weighted scale strategy for swapping ~$50 worth KUJI to ATOM per hour. 3. Link those 2 strategies. Discussion was here: https://discord.com/channels/1095005002201833495/1120374270422425741

Total Actual Spending

53,194.9 USD

500,000.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2023-06-20 14:40:32	100.0	$1.06	105.9	USK	Operations
2023-06-22 03:59:24	500.0k	$0.11	53.1k	MNTA	OTC Deal, Bonding and DCA
2023-06-22 03:59:24	100.0	$1.05	105.3	USK	Operations