Mantadao - Proposal

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MIP-86

Place the limit order in (native) USDC/USK pair on FIN in order to sell 50k USK for USDC

Completed

Proposer: kujira1q6n...tlg4l0cucz

Proposal Tx 211570C0B5...979C531AC6

Execute Tx D06AE7A551...008B90FB1F

This proposal is aimed to place the following limit order in axlUSDC/USK pair on FIN: Limit buy 50,012 USDC (native) at a rate 0.999 (0.1% premium to the $1 peg - 0.075% maker fee) This is a follow up to the proposed execution action plan for converting USK to USDC and axlUSDC with a little premium to the market, so MantaDAO could use those funds in the future: https://discord.com/channels/1095005002201833495/1152681232707104818 This proposal does NOT imply the consent of the MantaDAO community with any USK use case that was proposed earlier.

Total Actual Spending

50,100.0 USD

0.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2023-09-28 10:47:05	100.0	$1.00	99.8	USK	Operations
2023-10-01 11:29:59	100.0	$1.00	100.0	USK	Operations
2023-10-01 11:29:59	50.0k	$1.00	50.0k	USK	Others