Mantadao - Proposal

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MIP-22

Building wstETH/MNTA POL: final step

Completed

Proposer: kujira1q6n...tlg4l0cucz

Proposal Tx 032DDDD2F4...235E4C7065

Execute Tx 4694B9DAC3...D903E0587E

This will send 20K USK received as a loan from MIP-21 along with 188,264 MNTA (+5% from the current price) to Mike’s intermediary account in order to perform the following. When this proposal passes, Mike executes the deal of buying wstETH using his own funds on Ethereum. Then he bridges wstETH to Kujira and OTC exchanges them for ~20K USK at a current wstETH/USK price. Then Mike matches the bridged wstETH with MNTA and sends LP tokens with all the remains to the MantaDAO treasure.

Total Actual Spending

42,378.5 USD

188,264.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2023-07-19 19:26:05	100.0	$1.02	102.1	USK	Operations
2023-07-21 01:34:27	188.3k	$0.12	21.8k	MNTA	LP Building
2023-07-21 01:34:27	100.0	$1.02	102.3	USK	Operations
2023-07-21 01:33:51	1,255.9M	$0.00	39.6k		LP Investment
2023-07-21 11:25:25	81.9M	$0.00	2.6k		LP Investment
2023-07-21 01:34:27	20.0k	$1.02	20.5k	USK	LP Building