Mantadao - Proposal

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MIP-28

Building wBTC/MNTA POL: purchasing wBTC using the borrowed 16,966 USK and matching it with MNTA on BOW.

Rejected

Proposer: kujira1q6n...tlg4l0cucz

Proposal Tx CB41C6AC34...65A16D79F0

This will send 16,966 USK received as a loan from MIP-26 along with 155,660 MNTA (+15% from the current price 0.1253 USK) to MantaDAO ops wallet owned by Mike in order to perform the following. When this proposal passes, Mike executes the deal of buying wBTC using his own funds on Ethereum. Then he bridges wBTC to Kujira and OTC exchanges it for 16,966 USK at a current wBTC/USK price. This saves us a lot of fee costs. Then Mike matches the bridged wBTC with MNTA and sends LP tokens with MNTA left to the MantaDAO treasure.

Total Proposed Spending

164,584.96 USD

155,660.00 MNTA

147,639.77 USD

Sent to:

kujira14ud...mrh7dwf00k

16,966.00 USK

16,945.18 USD

Sent to:

kujira14ud...mrh7dwf00k

Date	Type	Amount	Price ($)	Value ($)	Token	Tag
2023-07-28 09:06:00		100.0	$1.00	99.9	USK	Operations