This is a text proposal ratifying a plan to re-balance MantaDAO's USDC and USDC.axl borrow positions. Background: MantaDAO currently has ~$178.9k USDC.axl and ~$124.7k USDC (native) borrowed on Ghost, each collateralized by 10m MNTA. USDC.axl has consistently and significantly remained at a much higher borrow interest rate relative to (native) USDC on Ghost. The MantaDAO Debt Positions address is a sub-DAO of the MantaDAO Ops Multisig, therefore the actionable steps of this plan will be carried out by the MantaDAO Ops Multisig on behalf of MantaDAO. MantaDAO Ops Multisig: kujira1qkh4dhzuyzjx0s8f9avwrns5jusjprva60g2epytpdvdvnmuv4ssngmklk MantaDAO Debt Positions: kujira14nd8krkl9lehp35jpywtv20uahkq5p3l4g6dal63xxajepgrxljsv4zve7 Pragmatic Monkey's Ops Wallet: kujira192wtay852g79vdhu05v3z9zcg0m20tqpx962t9 The following plan will direct the MantaDAO Ops Multisig to re-balance MantaDAO's USDC and USDC.axl borrow positions in order to lower the DAO's borrow costs: 1) Borrow an additional 50k USDC (native) from MantaDAO's existing Ghost borrow position 2) Send the ~50k USDC (minus borrow fees) to PM's Ops Wallet listed above 3) PM will swap the ~50k USDC for ~50k USDC.axl on Osmosis and send these funds back to the MantaDAO Debt Positions sub-DAO 4) Repay ~50k USDC.axl on MantaDAO's USDC.axl borrow position on Ghost 5) Withdraw 1.5m MNTA collateral from the USDC.axl borrow position, bringing the LTV to ~11.5% 6) Deposit 1.5m MNTA collateral to the USDC borrow position, bringing the LTV to ~11.5%