Mantadao - Proposal

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MIP-199

Sell 64,500 axlUSDC for USK to fund the USK/STARS LP from the Stargaze partnership

Completed

Proposer: kujira1cyg...nzcsnq5cg0

Proposal Tx 67048BEE73...7DFC70299B

Execute Tx C3D3099A54...4CB2924C87

Upon execution, this proposal will put a limit order on FIN to sell 64,500 axlUSDC for USK at a price of 1.0010 USK per axlUSDC. The proceeds will be used to fund the 68.4k USK (alongside another 3.9k USK remaining from MIP-193) of the STARS/USK LP as part of our second deal with Stargaze, with Stargaze contributing an equivalent value in STARS. See Part 1 of the deal proposal here for details: https://commonwealth.im/stargaze/discussion/13859-sustainable-liquidity-building-proposal-for-starsusk-on-kujira.

Total Actual Spending

64,664.6 USD

0.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2024-02-09 20:12:39	100.0	$1.00	100.1	USK	Operations
2024-02-06 19:43:00	100.0	$1.00	99.7	USK	Operations
2024-02-09 20:12:39	64.5k	$1.00	64.6k	AXLUSDC	Operations