Mantadao - Proposal

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MIP-227

Build $30k of wBTC/USK + $30k of wETH/USK + $40k of TIA/MNTA

Completed

Proposer: kujira1cyg...nzcsnq5cg0

Proposal Tx 18DFC0F962...0CB8B0E385

Execute Tx E1750E0CC4...BFF697A669

This proposal aims to take advantage of the current market correction to buy some more assets, using $50k of the spare axlUSDC we got in the treasury. Upon execution, this proposal will send 50k axlUSDC + 26,190 MNTA (~$20k at current price + 10% volatility buffer) to MantaDAO ops wallet; Mike will then do the following: - Buy $15k axl.wBTC that he will use to create a $30k axl.wBTC/USK levered LP (at 50% LTV) in a dedicated CW1-WL contract. - Buy $15k wETH that he will use to create a $30k wETH/USK levered LP (at 50% LTV) in a dedicated CW1-WL contract. - Buy $20k TIA that he will match with MNTA to increase the size of our TIA/MNTA LP; he will then return the LP tokens alongside any unused MNTA to the treasury.

Total Actual Spending

69,593.5 USD

26,190.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2024-03-26 16:30:08	5.0k	$7.71	38.4k		LP Investment
2024-03-26 16:29:04	0.2	$70,097.00	15.3k	WBTC.AXL	LP Building
2024-03-17 17:15:49	50.0k	$1.00	50.0k	AXLUSDC	LP Building
2024-03-17 17:15:49	100.0	$0.99	99.1	USK	Operations
2024-03-12 19:15:16	100.0	$0.99	99.4	USK	Operations
2024-03-17 17:15:49	26.2k	$0.74	19.5k	MNTA	LP Building
2024-03-26 16:29:26	4.1	$3,585.15	14.8k	WETH	LP Building