closedEnded 4 years ago · Snapshot (Offchain)
BIP-06: Treasury Diversification and BB&B Upgrade
By 0x2Fb5...1Af6DE
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Summary
This is a proposal to upgrade Botto’s tokenomics and to grow and diversify Botto’s treasury. In the proposed setup, ETH proceeds from auctions are sent to Botto’s treasury, and an equivalent amount of $BOTTO is burned from the treasury.
Specifications
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Each week, all ETH auction proceeds go to Botto’s treasury.
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An equivalent amount of $BOTTO is burned from the treasury. This can be calculated by taking the Uniswap price of $BOTTO at the time of the sale (auction end) and subtracting any price impact (slippage) and swap fees.
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ETH accrued to the treasury is spent according to the will of BottoDAO. Possibilities include protocol-owned liquidity, marketing, and distribution to voters.
Click here for full details and discussion.
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0Votes 40
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x828B...A70c22 | 1.009M | Yes |
 0xc88d...C753b7 | 458,333 | Yes |
 0x50EA...7D742E | 253,735 | Yes |
 0xc35A...220b37 | 162,671 | Yes |
 0xbd8a...50d3AF | 146,956 | Yes |
VOTE POWER
0
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Proposal Status
- Thu April 14 2022, 02:55 pmVoting Period Starts
- Sun April 17 2022, 02:55 pmEnd Voting Period
Current Results
1-Yes
2.444M
Quorum 2.444M/500,000