Mantadao - Proposal

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version: 1.2.17b2

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MIP-115

Acquire 4 top assets for building the $10k /MNTA POL with each of them

Completed

Proposer: kujira1q6n...tlg4l0cucz

Proposal Tx 7CA12117E4...2799A02BB0

Execute Tx 1145555C33...B806884695

Using the passed & executed initiative https://discord.com/channels/1095005002201833495/1156651895608320101 as the precedent, this proposal is aimed to acquire the USK collateral assets that have low liquidity on Kujira in order to build a $10k /MNTA POL on BOW with each of them. This will enable the sufficient level of low-volume ($30-$50) trading experience in MantaSwap. The proposed set of assets is: -DOT (~$1k of liquidity on BOW). Purchase $5k xcDOT on Moonbeam via Squidrouter, bridge to Kujira via Satellite. -LINK ($300 of liquidity on BOW). Purchase $5k on Ethereum via Squidrouter, bridge to Kujira via Satellite. -wAVAX ($15 of liquidity on BOW). Purchase $5k on wAVAX via Squidrouter, bridge to Kujira via Satellite. -ARB ($2 of liquidity on BOW). Purchase $5k on Arbitrum via Squidrouter, bridge to Kujira via Satellite. When executed, this proposal will send 20k axlUSDC and $20k worth of MNTA (+20%) to the MantaDAO ops address. The funds (20k axlUSDC) have been raised from MIP-89 and ongoing DCA-out process from MIP-102. Discussion: https://discord.com/channels/1095005002201833495/1165316471971389573

Total Actual Spending

49,656.1 USD

58,673.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2023-10-31 07:23:57	20.0k	$1.00	20.0k	AXLUSDC	LP Building
2023-10-27 07:59:46	100.0	$1.00	100.0	USK	Operations
2023-11-02 04:27:35	7,264.7M	$0.00	10.7k		LP Investment
2023-10-31 07:23:57	58.7k	$0.50	29.6k	MNTA	LP Building
2023-10-31 07:23:57	100.0	$1.00	99.8	USK	Operations
2023-11-02 04:28:54	310.8M	$0.00	9.9k		LP Investment
2023-11-02 04:29:23	328.2k	$0.03	10.4k		LP Investment
2023-11-02 04:28:37	2,122.5M	$0.00	10.8k		LP Investment