Anzen seed round & partnership
Proposal Anzen invites FRAX to participate in the Anzen seed round as a protocol DAO. This is an oversubscribed round with a strong investor syndicate including Mechanism Capital, a Frax/FXS ecosystem advocate. FXS holders benefit as a direct result since ANZ tokens would go toward the protocol balance sheet just like prior investments such as OHM and CVX. ANZ tokens when locked provides governing rights via veANZ to influence the distribution of income from the Anzen protocol. Additionally, as part of this proposal Anzen will open a FRAX single sided pool for users to earn yield by staking FRAX.
Investment Terms $500,000 allocation for FRAX Protocol $0.035/ANZ $35M Fully Diluted Value Investment paid for in AMO Profits 2 year lock, then 3 Year Vest with quarterly cliffs
Actions For: Invest in Anzen & attain the full $500k allocation Against: Do Nothing
See governance thread for more details: https://gov.frax.finance/t/anzen-seed-round-partnership/771
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x10c1...8a86dE | 3.755M | For |
 0xb557...7837C3 | 2.017M | For |
 0x6Cca...8168B0 | 1.987M | For |
 0x420A...378F83 | 1.987M | For |
 0xA81a...757538 | 634,408 | Against |
VOTE POWER
Proposal Status
- Mon February 21 2022, 06:58 pmVoting Period Starts
- Sat February 26 2022, 05:59 pmEnd Voting Period
Current Results
1-For
10.205M
2-Against
1.382M