Mantadao - Proposal

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MIP-2

Incentivize MNTA/axlUSDC BOW Pool with 93k MNTA

Completed

Proposer: kujira1ay2...nz4kuygghk

Proposal Tx F27DE884A7...85E7CB4922

Execute Tx 7E62080E85...C5AAD1EB1D

This proposal targets achieving thickened liquidity on MNTA/axlUSDC on FIN. Right now the treasury is 100% MNTA and is less effective for token swaps, token sales or any other form of utilization while its volume handling capability is still so low as this can cause extreme price volatility. These incentives have been calculated to target delivering a 50% APR to LPers @ $100k TVL (assuming current price is static) and represent 0.097% of the total available treasury MNTA. With BOWs algo, a $100k TVL should deliver liquidity that is accommodating to the vast majority of user trades at low slippage. It would also make the pool the 8th highest in BOW by TVL. This 3 month period will allow the DAO to explore and target opportunities for transitioning to protocol owned liquidity.

Total Actual Spending

13,524.2 USD

93,000.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2023-05-23 19:28:57	100.0	$1.04	104.1	USK	Operations
2023-05-23 19:57:16	10.0	$1.04	10.4	USK	Operations
2023-05-23 19:57:16	100.0	$1.04	104.1	USK	Operations
2023-05-23 19:57:16	93.0k	$0.14	13.4k	MNTA	LP Incentives