Mantadao - Proposal

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version: 1.2.17b2

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Repay 15k MNTA/USDC Levered LP debt and 54k USDC loan

Executed

Proposer: kujira1cyg...nzcsnq5cg0

Proposal Tx 7119971E97...B445EB3931

Execute Tx 66944C0299...F96C30CC48

Upon execution, this proposal will: 1) Send 15k USDC to the CW1 holding the MNTA/USDC levered LP position (kujira1tkz2mpshewhcrl57kfgycxa047jlgxc2dcuwc60nwwyzndxkr9hsex6jj4). - The funds will be used by the Ops Multisig to repay the remaining debt in the levered LP, derisking MNTA liquidity. - The Ops Multisig will then withdraw the MNTA and USDC from the levered BOW LP contract an re-deposit into the regular MNTA/USDC BOW LP contract, in an atomic tx to avoid taking the risk of MNTA price moving while liquidity is reduced. - The position will then become transferable and will be sent back to the main DAO alongside any other funds left in the CW1 (there is currently 64.7k MNTA in there). 2) Send ~54.1k USDC to the MantaDAO Debt Positions subDAO (kujira14nd8krkl9lehp35jpywtv20uahkq5p3l4g6dal63xxajepgrxljsv4zve7). - The subDAO will then repay part of the 178k USDC loan on Ghost.

Total Actual Spending

69,216.5 USD

0.0 MNTA

Date	Amount	Price ($)	Value ($)	Token	Tag
2024-08-29 03:01:37	100.0	$0.95	95.1	USK	Operations
2024-09-02 13:15:50	54.2k	$1.00	54.1k	USDC	No Tag
2024-09-02 13:15:50	15.0k	$1.00	15.0k	USDC	No Tag
2024-09-02 13:15:50	100.0	$0.95	95.3	USK	Operations