Increase Our $TEMPLE Holdings
As things stand right now we have a partnership with TEMPLE, we have carried out a $1m token swap with TEMPLE, we have whitelisted TEMPLE to stake FXS and we have agreed to set up a TEMPLE - FRAX pair and add it to our rewards gauge (yet to be complete)
These proposals where all made by team members and where voted in a few months ago.
Due to an issue with the TEMPLE vesting and token unlocking system that resulted in many investors selling their TEMPLE tokens, the market cap of the TEMPLE protocol is now much lower then the value of the assets they hold (mostly FRAX).
i would like to propose the following.
FRAX protocol buys TEMPLE on the open market and stakes it in the TEMPLE DAO protocol. We vote on the amount to buy We only complete the trade if TEMPLE token price is still below RFV when the vote is completed.
The voting options will be.
Do nothing = do not buy any extra TEMPLE Buy $500k of TEMPLE Buy $2m of TEMPLE
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x88E8...0e7a12 | 4.918M | BUY $2M OF TEMPLE |
 0x5D7d...66e735 | 1.307M | BUY $2M OF TEMPLE |
 0xA2dC...4C697B | 350,182 | BUY $2M OF TEMPLE |
 0x3c28...4997A6 | 306,962 | BUY $2M OF TEMPLE |
 0xD3ca...968c06 | 216,780 | BUY $2M OF TEMPLE |
VOTE POWER
Proposal Status
- Wed January 12 2022, 11:00 pmVoting Period Starts
- Sun January 16 2022, 01:00 amEnd Voting Period
Current Results
1-BUY $2M OF TEMPLE
8.184M
2-DO NOTHING
8,866.266