Kujira Proposal 394

PROPOSAL_STATUS_REJECTED
Yes
No
No with Veto
Abstain
/cosmos.gov.v1.MsgExecLegacyContent
---
"@type": "/cosmos.distribution.v1beta1.CommunityPoolSpendProposal"
title: MNTA <> KUJI token swap with MantaDAO for POL
amount:
- denom: ukuji
  amount: '167224000000'
recipient: kujira1zspr6va4ev78lpsh48s57nv6szxj4cdywt2kkg
description: This is a community spend proposal to perform a tokenswap of 167224 KUJI
  from the community pool for 871586 MNTA, both worth a market value of $150k. The
  exchanged KUJI given to MantaDAO will solely be used with another $150k of matched
  MNTA and deposited into the MNTA/KUJI BOW Pool creating the 4th largest BOW pool
  by TVL and the first step towards transitioning BOW and FIN to POL.The MNTA/KUJI
  pair will allow for efficient routing from MNTA to any of ATOM, axlUSDC, USK or
  ampKUJI at very low slippage due to their high current liquidity and will scale
  down the amount needed for incentives on MNTA/axlUSDC and MNTA/USK. It will also
  serve as a crucial hop-point pair in MantaSwap routing, with further <TOKEN>/MNTA
  pairs to be deployed in the future with POL that will deliver low-slippage trades
  with high liquidity for BOW without the need for emissions. The Kujira community
  pool would be free to either match the swapped MNTA with KUJI and double the POL
  with their LP retained within the community pool address ($600k total, 3rd highest
  BOW pool) or retain the MNTA as it is within the community pool for whichever action
  they choose. The address chosen (kujira1zspr6va4ev78lpsh48s57nv6szxj4cdywt2kkg)
  as the recipient of this community spend proposal is the Team Operations address
  and they have agreed to act as the intermediary for this transfer.
page last updated 2024-04-25 09:08:19 UTC