FRAX $25m war chest
Please see the thread here > https://gov.frax.finance/t/frax-25m-war-chest/729
There has been times when FRAX has seen an opportunity to make a quick investment and has not been able to react due to the time needed to take a vote. Because we have a vote it gives other investors the time to front run us and we end up paying a higher price.
So i would like to propose the following.
We allocate up to $25m FRAX to a war chest fund for the FRAX team to use as they please to buy assets or pay for services that will benefit the FRAX protocol.
The War chest will have its own allocated wallet so spending and remaining balance can be followed.
The vote will be as follows.
1, allocate $25m 2, allocate $10m 3, do nothing
Once this fund is used we will have to vote again to re-fill it
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x947B...7D0277 | 11.675M | 1, allocate $25m |
 0x10c1...8a86dE | 3.717M | 1, allocate $25m |
 0xb557...7837C3 | 1.998M | 1, allocate $25m |
 0xE026...b54f89 | 1.546M | 1, allocate $25m |
 0xA81a...757538 | 527,611 | 1, allocate $25m |
VOTE POWER
Proposal Status
- Sun January 30 2022, 12:00 pmVoting Period Starts
- Wed February 02 2022, 12:00 pmEnd Voting Period
Current Results
1-1, allocate $25m
20.835M
2-2, allocate $10m
17,476.502