Mantadao - Proposal

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MIP-54

Swap 400 MNTA for ~100 KUJI for LP denom creation fees

Completed

Proposer: kujira1q6n...tlg4l0cucz

Proposal Tx DC3F73A76F...4CEAF5E0DF

Execute Tx 53D97FAABA...DD6CC39C1C

Each Bow pool instantiation proposal like MIP-48: Instantiate yieldETH <> MNTA BOW pool and MIP-51: Instantiate STRD <> MNTA BOW pool, requires 10 KUJI as a chain fee for the new LP denom creation. This is something that was set up in the Bow contract from the beginning. This proposal is aimed to market sell 400 MNTA for ~100 KUJI using MantaSwap in order to gather the amount of KUJI, sufficient for the new 10-11 LP denoms. Currently, 10 KUJI as fees are being paid from the MantaDAO operational revenue, which is not seems to be right. 100% of this revenue is supposed to be paid back to MNTA stakers on a regular basis. So, we will just be keeping the funds for fees and KUJI as income separately.

Total Actual Spending

196.5 USD

400.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2023-08-26 07:41:27	100.0	$1.04	103.6	USK	Operations
2023-08-26 07:41:27	0.1	$0.70	0.1	KUJI	MantaSwap Revenue
2023-08-26 07:41:27	132.9	$0.70	92.5	KUJI	Operations
2023-08-26 07:41:27	400.0	$0.23	92.9	MNTA	Operations
2023-08-24 12:12:30	100.0	$1.03	103.1	USK	Operations