0x92caa8c5…964csent to0x0831172b…d7e7·#14,967,538·view on Etherscan
{"projectName":"Squeaky Clean wBTC","shortDescription":">> WHAT are we proposing?\n- Buy and then stake wBTC into the UniSwap wBTC/ETH liquidity pool.\n- Hold for 1 year, then assess if we should cash out or continue holding.\n>> HOW will it help?\n- If/when we cash out the investment, 50% will be burned and 50% will be sent to The Many.\n- Holding BTC is a very symbolic action for a DAO that symbolizes stability and long term outlook.\n- Staking BTC will provide some small rewards for The Many.\n- Holding BTC will help to diversify our risk and will work to hedge any negative Cult price action.\n>> WHY did we decide this path?\n- wBTC/ETH LP is the best choice because the pair is high correlated (.87) lowering the risk\n- Liquidity bounds will be set at 16eth<>16.8eth because this captures most of the current volume\n- Uniswap was chosen because they have high daily volume providing consistent fee rewards\nADDENDUM:\n- Due to the current low market value of $CULT, the proposal funds will be held until the value of $CULT\nincreases compared to the value of $BTC. This is so that we can capture the increased value and get\nmore $BTC. We will leave this decision in the hands of the active Guardian, BUT one would assume\nthis type of price increase should occur with the RVLT airdropping coming at the end of this month.\n- In order to help support community participation, 3.8% (0.5eth) of the proposal funds will be sent to the\n‘Delegated Voting Group’.","file":"/","socialChannel":"/","links":"/","range":3,"rate":"100","time":"Day","checkbox1":true,"checkbox2":true,"wallet":"0xb2525a2D6488EA0037bB2f439959AeB3BfaF8651","guardianProposal":"Croat On Behalf Of the Many","guardianDiscord":"Crobot01","guardianAddress":"0x92CAa8C5a7D58E67cA4dB30baecffC78B9ff964c"}