BIP 81: Buy The Dip
Scope: Use $10million in stablecoin assets from the $17million in BadgerDAO’s treasury to buy wBTC under $57k per token.
TL;DR:
Accumulate BTC under $57k per token using $10m stablecoins from BadgerDAO treasury holdings.
If wBTC is purchased with 30% of stables immediately (at $46k that’s a 20% discount) and a stop gap at $51k with remaining 70% that’s (a 10% discount) a total of a 13% discount.
If wBTC falls another 10% away from $57k then the remaining 70% is used to purchase at a 30% discount that increases the total discount to 27%.
Minimum program length 3 weeks, or immediately with stop gap measure at $51k BTC price.
Maximum program length 14 weeks.
Specifics available on the forum post
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xa669...b3a0E0 | 13,636 | Approve |
 0x84a6...821f07 | 11,519 | Approve |
 0x4c46...01a669 | 10,909 | Approve |
 0x465b...21D0C2 | 9,460 | Approve |
 0x18B8...3c5cA3 | 8,956 | Approve |
VOTE POWER
Proposal Status
- Sat December 18 2021, 02:00 pmVoting Period Starts
- Mon December 20 2021, 02:00 pmEnd Voting Period
Current Results
1-Approve
174,835.264
2-Reject
10,227.878