Mantadao - Proposal

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MIP-103

(Revised MIP-89) Launch OTC deal on Plasma to sell 47,500 MNTA for ~15,351 axlUSDC

Completed

Proposer: kujira1q6n...tlg4l0cucz

Proposal Tx D5FC063302...D704E8AF88

Execute Tx 7F4A3CB804...9278A9D289

This is the revised MIP-89 proposal, adjusted to the current MNTA price x (1-(1.21%+0.5%)) = 0.32881 * (1-(1.21%+0.5%)) = 0.32318 according to the suggestion: https://t.me/MantaDAO/22203/2531. Current OTC deal on Plasma from MIP-89 remains as is until it becomes economically profitable to be filled. Funds from MIP-89 will be used for future DAO needs. This proposal is aimed to raise ~15k axlUSDC for buying $5k worth of AKT, $5k worth of INJ and $5k worth of AXL at the open market. Each of these assets will be matched with MNTA in $10k POL, which will provide the minimum sufficient level of trading experience: ~$30 of low-slippage trades. The global goal to be achieved is the creation of previously non-existing trading markets on Kujira, managed and owned by MantaDAO with maximum efficiency. Discussion: https://discord.com/channels/1095005002201833495/1156651895608320101/1156861051695005787

Total Actual Spending

16,256.9 USD

47,500.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2023-10-16 09:32:20	100.0	$1.00	99.9	USK	Operations
2023-10-16 09:32:20	15.2k	$1.00	15.2k	AXLUSDC	OTC Deal, Bonding and DCA
2023-10-13 09:31:42	100.0	$1.01	100.6	USK	Operations
2023-10-16 09:32:20	47.5k	$0.34	16.2k	MNTA	OTC Deal, Bonding and DCA