Mantadao - Proposal

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MIP-37

Building wBTC/MNTA POL: purchasing wBTC using the funds from OTCs #3-4 and matching it with MNTA on BOW

Completed

Proposer: kujira1q6n...tlg4l0cucz

Proposal Tx CCA85768F9...9699AF21BE

Execute Tx 1CE0BF0F36...E3BC43697F

This will send 28,900 axlUSDC received as the result of 2 separate OTC deals (MIP-33, MIP-34) along with 220,000 MNTA (~+15% to the amount is needed for matching) to MantaDAO ops wallet (kujira14udyajpzkveqx5tsz8qghrx8qh9gmrh7dwf00k) owned by Mike in order to perform the following. When this proposal passes, Mike will bridge 28,900 axlUSDC to Ethereum and purchase wBTC using the best route from 1inch aggregator. Then he will bridge wBTC to Kujira chain and match it with MNTA. In the end of this process, Mike will send the received LP tokens along with remaining MNTA to the MantaDAO treasure. Discussion link: https://discord.com/channels/1095005002201833495/1133376000013643786

Total Actual Spending

64,848.5 USD

220,000.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2023-08-07 11:15:43	100.0	$1.04	103.5	USK	Operations
2023-08-08 09:27:44	220.0k	$0.16	35.8k	MNTA	LP Building
2023-08-08 19:45:15	30.0k	$0.16	4.9k	MNTA	LP Building
2023-08-08 09:27:44	100.0	$1.04	104.0	USK	Operations
2023-08-08 10:49:40	4.3k	$13.81	59.7k		LP Investment
2023-08-08 09:27:44	28.9k	$1.00	28.9k	AXLUSDC	LP Building