Mantadao - Proposal

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MIP-217

FUZN<>MNTA Treasury Swap Deal

Completed

Proposer: kujira1cyg...nzcsnq5cg0

Proposal Tx B22BAF65E1...901E1E556F

Execute Tx F90804B66C...B9944E6E08

This proposal is aimed to initiate the treasury swap deal with Fuzion ops fund (full discussion here: https://discord.com/channels/1095005002201833495/1212521944340111380/1212521944340111380). Given the proximity between MantaDAO and Fuzion, the Fuzion team has agreed for Mike to act as intermediary for the transaction via MantaDAO ops wallet. When executed, this proposal will send 57,811 MNTA (52,556 to be exchanged based on TWAP + 10% volatility buffer) to MantaDAO ops wallet. The Fuzion team will then send 676,228 FUZN to the MantaDAO ops wallet. Mike will then match the received tokens into a FUZN/MNTA BOW LP and send half of the LP tokens back to Fuzion ops wallet, and the other half to MantaDAO treasury, alongside any unused tokens. TWAP calculation: https://docs.google.com/spreadsheets/d/1Pk0Exy2-pbls43x4SvYhrE5y3dDvdwZCSFDYBCA2TT8/edit?usp=sharing

Total Actual Spending

53,526.4 USD

57,811.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2024-03-04 18:45:13	100.0	$1.00	99.8	USK	Operations
2024-03-08 16:43:23	92.1k	$0.51	47.0k		LP Investment
2024-03-08 00:14:08	100.0	$1.00	100.2	USK	Operations
2024-03-08 16:42:45	6.3k	$0.91	5.7k	MNTA	Token Swap Deal
2024-03-08 00:14:08	57.8k	$0.92	53.4k	MNTA	Token Swap Deal