Kujira Proposal 14

Black Whale Community Funding Request
PROPOSAL_STATUS_REJECTED
Yes
No
No with Veto
Abstain
We are requesting $120k USDC (equivalent to 300k KUJI tokens assuming KUJI's price of $0.4, subject to change on each milestone release date) to build our Market-Maker-as-a-Service (MMaS) protocol to allow users to profit from market making, generate revenue for Kujira, and tighten spreads across all trading pairs on FIN. Funds will be released in batches through governance voting only when project milestones are completed. We will be giving 50% of our revenue to all KUJI stakers and expect to fully repay the $120k grant within 3 years. After the grant has been repaid, 50% of our revenue will continue to be distributed to KUJI stakers forever, permanently increasing the staking APY with real revenue. #GrownUpDeFi Full proposal: https://medium.com/@blackwhalemoney/black-whale-community-funding-fafe8def66bc
/cosmos.distribution.v1beta1.CommunityPoolSpendProposal
---
"@type": "/cosmos.distribution.v1beta1.CommunityPoolSpendProposal"
title: Black Whale Community Funding Request
amount:
- denom: ukuji
  amount: '300000000000'
recipient: kujira1wqnfjdlp4avzjege4h3kjhpj9t0g8tt8h42ffv
description: 'We are requesting $120k USDC (equivalent to 300k KUJI tokens assuming
  KUJI''s price of $0.4, subject to change on each milestone release date) to build
  our Market-Maker-as-a-Service (MMaS) protocol to allow users to profit from market
  making, generate revenue for Kujira, and tighten spreads across all trading pairs
  on FIN. Funds will be released in batches through governance voting only when project
  milestones are completed. We will be giving 50% of our revenue to all KUJI stakers
  and expect to fully repay the $120k grant within 3 years. After the grant has been
  repaid, 50% of our revenue will continue to be distributed to KUJI stakers forever,
  permanently increasing the staking APY with real revenue. #GrownUpDeFi Full proposal:
  https://medium.com/@blackwhalemoney/black-whale-community-funding-fafe8def66bc'
page last updated 2023-02-06 05:35:39 UTC