Mantadao - Proposal

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MIP-205

Divest the WINK/MNTA LP and sale WINK OTC to fund the DYM/MNTA LP

Completed

Proposer: kujira1cyg...nzcsnq5cg0

Proposal Tx 4C508CAB01...81E297A8CF

Execute Tx 3221DBCA7E...5DE1384903

This proposal is aimed to divest the WINK/MNTA LP and sell the WINK from the LP alongside the WINK currently sitting in the treasury in an OTC transaction at a price of $0.12. Discussion here: https://discord.com/channels/1095005002201833495/1205260764550799390/1205260764550799390. Upon execution, this proposal will send the WINK/MNTA LP which currently includes 63,586 WINK, alongside the 181,643 WINK in the treasury to MantaDAO’s ops wallet. Mike will then dismantle the LP and execute the OTC deal, selling ~245.2k WINK for ~29.4k USDC and return the funds to the DAO treasury alongside the MNTA portion of the LP. The proceeds will be used to fund a DYM/MNTA LP, which will be done in a separate proposal after this one has been completed, for accounting purpose.

Total Actual Spending

36,319.8 USD

0.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2024-02-14 19:14:44	181.6k	$0.12	21.4k	WINK	OTC Deal, Bonding and DCA
2024-02-14 19:14:44	23.5k	$0.63	14.9k		LP Investment
2024-02-11 10:08:55	100.0	$1.00	100.0	USK	Operations
2024-02-15 13:32:28	29.0k	$1.00	29.0k	USDC	OTC Deal, Bonding and DCA
2024-02-15 00:53:46	9.0k	$0.83	7.4k	MNTA	LP Building
2024-02-14 19:14:44	100.0	$1.00	100.1	USK	Operations