TIP061: Threshold x Flowdesk: T Liquidity and beyond
AI summary
This proposal is a preliminary vote to approve a partnership between Threshold Network and Flowdesk, a regulated market-making service. If passed, Threshold would provide 75 million T tokens to Flowdesk, who would then sell these tokens over time (using TWAP/VWAP strategies) to fund their market-making activities. Flowdesk would receive a monthly payment in USDC for their services, with the Threshold Treasury Guild overseeing the strategy.
If this proposal passes, Threshold Network would engage a professional market maker to improve the liquidity of its T token, potentially leading to more stable pricing and easier trading for users. The DAO would spend 75 million T tokens and incur monthly USDC payments, but the exact amount of USDC is not specified in this preliminary proposal. The benefit is improved market health for T token holders, while the cost is a significant allocation of treasury assets.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
This is a snapshot temp check. If successful this proposal will move into a DAO Governor Bravo cycle before being successfully ratified by the DAO.
Please read:
This temp check is for the following proposal with option 2 "Threshold to provide 75M T, Flowdesk to run a twap/vwap sell program to fund the other leg used for MM" and the option for the DAO monthly payment to occur with USDC. This partnership will occur with Threshold Treasury Guild oversight meaning any minor adjustments to strategies provided in the proposal can be approved by the Threshold Treasury Guild.
Overview:
Flowdesk …