Wintermute <> INST/FLUID Liquidity Provision Proposal
AI summary
This proposal asks the Instadapp DAO to lend 700,000 INST/FLUID tokens from its treasury to Wintermute, a crypto trading firm. The loan is for one year and aims to improve the liquidity and accessibility of the INST/FLUID token across various centralized and decentralized exchanges. This initiative is part of a broader plan to rebrand and grow the Fluid Protocol, making the token easier for a wider range of users and institutions to acquire.
If approved, Wintermute will use the 700,000 INST/FLUID tokens to provide market-making services, potentially increasing the token's trading volume and making it more accessible. This could benefit token holders by improving price stability and ease of trading, and the DAO by supporting the growth of Fluid Protocol. The DAO risks the value of the loaned tokens if Wintermute defaults or if the market value of INST/FLUID declines significantly.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
4 votes > 5% VPFull proposal
Summary
Wintermute is requesting a loan of 700k INST/FLUID tokens from the DAO's Treasury to provide liquidity across various decentralised and centralised exchanges. The 700k INST/FLUID tokens will be transferred from the DAO Treasury to the Instadapp Team's multisig and then transferred to Wintermute's wallet.
Context
The recently published "Rebranding and Growth Plan for Fluid Protocol" proposal outlined various goals, growth plans, and a vision for Fluid Protocol. To achieve these goals, the Instadapp/Flui…