Mantadao - Proposal

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MIP-59

Increase the price precision to 5 for a number of Fin pairs

Completed

Proposer: kujira1q6n...tlg4l0cucz

Proposal Tx 104CDBF7D6...AB2BB3CB14

Execute Tx 52F69ED3D8...8A7BEABF62

This will increase the price precision to 5 for the following Fin pairs: MNTA-KUJI,stATOM-MNTA,wBTC-MNTA,wstETH-MNTA,OSMO-MNTA,SHD-MNTA,SOMM-MNTA,MNTA-axlUSDC,MNTA-USK,wBTC-KUJI,wETH-KUJI,yieldETH-MNTA,STRD-MNTA. It will ensure that the related Bow pools won't experience xy=k losses because of the not accurate limit order price determination in case of small intervals usage. Also, this will allow MantaDAO to set up the target Bow interval config (0.005, 0.005, 0.005, ...) for non-stable pairs and x5 tighter (0.001, 0.001, 0.001, ...) for /stable pairs as soon as certain levels of liquidity are reached in related Bow pools.

Total Actual Spending

101.7 USD

0.0 MNTA

Date	Type	Amount	Price ($)	Value ($)	Token	Tag
2023-09-04 10:02:44		100.0	$1.02	101.7	USK	Operations
2023-09-01 09:53:29		100.0	$1.03	102.6	USK	Operations