Mantadao - Proposal

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MIP-30

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

Completed

Proposer: kujira1q6n...tlg4l0cucz

Proposal Tx 192C7D67B1...40AACFB129

Execute Tx 7AC44AA8AD...CC8F2A4275

This will send 16,966 USK received as a loan from MIP-26 along with 152,615 MNTA (+15% from the current price 0.1281 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 Actual Spending

36,903.0 USD

152,615.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2023-08-01 08:35:58	17.0k	$1.02	17.3k	USK	LP Building
2023-08-01 20:06:11	18.4k	$0.13	2.3k	MNTA	LP Building
2023-08-01 08:35:58	152.6k	$0.13	19.5k	MNTA	LP Building
2023-07-31 09:50:06	100.0	$1.02	102.3	USK	Operations
2023-08-01 08:35:58	100.0	$1.02	102.1	USK	Operations
2023-08-01 19:57:03	2.8k	$12.21	34.4k		LP Investment