Mantadao - Proposal

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MIP-185

Mint 200k USK

Completed

Proposer: kujira1cyg...nzcsnq5cg0

Proposal Tx 2191A3071B...AF78343B38

Execute Tx 29D0B6C667...1FDF58C6C8

In anticipation to the upcoming Kujira proposal on increasing the MNTA collateral mint cap by another 300k USK from 700k to 1m USK: https://discord.com/channels/970650215801569330/1193475684551635015/1195565255783354399, this proposal is aimed to mint another 200k USK using 20m MNTA, that were put as collateral to the USK market previously. This will increase the DAO's LTV for this debt position to 3.33% and liquidation price to $0.06. The rest 100k USK from the raised mint cap will be left for the MantaDAO community. The related Kujira governance proposal will follow soon. If Kujira governance proposal passes, this proposal will be executed. If it doesn’t, MantaDAO will keep this proposal as not-executed until the USK mint cap is raised again.

Total Actual Spending

99.9 USD

0.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2024-02-24 16:04:45	199.8k	$1.00	199.6k	USK	USK Mint
2024-01-14 19:38:02	100.0	$1.00	99.8	USK	Operations
2024-02-24 16:04:45	100.0	$1.00	99.9	USK	Operations