Proposal
MoneySwitch invites FRAX to participate in the MoneySwitch seed round as a protocol DAO, alongside other key strategic partners including BitKub, DeeMoney, Decentralized, and others. Holding MST will extend protocol governing rights including platform revenue distribution and will align incentives between our communities. In addition, MoneySwitch will open a FRAX lending pool, allowing cross-border payment providers to borrow FRAX. Extending the utility and reach of FRAX and allowing FRAX holders to earn attractive yields by stacking FRAX. MoneySwitch will also create an MST / FRAX liquidity pair and allow liquidity providers to stake their LP tokens in the Credit Default Protection Pool to both secure lending on MoneySwitch and generate further opportunity for FRAX holders to earn attractive yields.
Investment Terms
$250,000 allocation for FRAX Protocol $0.035/MST $35M Fully Diluted Value Investment paid for in AMO Profits 1 year lock, then 2 year vest with quarterly release
Actions
For: Invest in MoneySwitch & attain the full $250k allocation Against: Do nothing
See governance thread for more details: https://gov.frax.finance/t/moneyswitch-partnership-seed-round/845
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x10c1...8a86dE | 3.623M | For |
 0xb557...7837C3 | 2.15M | For |
 0x6Cca...8168B0 | 1.964M | For |
 0x420A...378F83 | 1.964M | For |
 0xE026...b54f89 | 1.611M | For |
VOTE POWER
Proposal Status
- Wed March 16 2022, 05:19 amVoting Period Starts
- Wed March 23 2022, 05:00 amEnd Voting Period
Current Results
1-For
11.443M
2-Against
12,007.58