mStable Treasury Swap
AI summary
This proposal suggests that the Threshold Network DAO perform a treasury swap with mStable, acquiring 250,000 MTA tokens. The tokens would be held for at least 12 months, with the exchange rate based on a 30-day moving average price. This swap aims to foster a partnership, allowing Threshold to stake MTA tokens to influence mStable's emissions controller, directing rewards to the tBTC v2 Feeder Pool, and potentially increasing earnings for tBTC holders.
If passed, Threshold DAO will spend an amount of its treasury to acquire MTA tokens, which will be locked for a year. This could increase the Annual Percentage Yield (APY) for tBTC holders and signal Threshold's openness to other DAO partnerships. The mStable DAO would receive T tokens, diversifying its income. The exact financial cost to Threshold DAO is not specified, as it depends on the 30-day moving average price of MTA.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
1 vote > 5% VPFull proposal
The purpose of this document is to provide a high level summary of mStable for the proposed treasury swap.
Proposed swap high level notes:
- Tokens to be held for a minimum of 12 months.
- Exchange rate set by a 30 day moving price average.
- Target acquisition size of 250,000 MTA tokens.
Utility to Threshold DAO
Joint Marketing
Feature: This would be the first treasury swap for the Threshold DAO and signal to other DAOs we are open for business.
Benefits Joint marketing campaign.
Staking in governance.
Feature: MTA tokens can be staked to vote with the mStable Emissio…