[Execution Phase] How do we best go forward to divest our position of AKITA?
After some conversations with the Akita community it has become clear that the best path to maximize our ETH outcome is to enable some form of participation with them.
Highlights:
There will be a buy back and burn program that funds the AKITA LBP, for every 1 AKITA purchased X will be burned. Specifics not finalized.
The ETH raised here will be put into the LBP with a time of completion set for 3 months.
Based on our conversations I propose the following:
Option 1:
We split the LP Tokens as follows: 40% to Gitcoin 40% to Akita (streamed over the length of the LBP through Sablier) 20% to a Charity (yet to be chosen) funds ETH raised will be delivered VIA Gitcoin, post sale.
Option 2:
We split the LP Tokens as follows: 80% to Gitcoin 20% to a Charity (yet to be chosen) funds ETH raised will be delivered VIA Gitcoin, post sale.
We agree to burn more Akita via Sablier by streaming to the 0x000 address Y tokens for each X Akita in the LBP.
Option 3:
We don’t split the LP Tokens
We agree to burn more Akita via Sablier by streaming to the 0x000 address Y tokens for each X Akita in the LBP.
Without a serious burn or a share of the ETH being raised, AKITA is not in a position to cooperate.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x4C0a...91cc21 | 444,254 | Option 1 |
 0x8d07...e6A265 | 253,862 | Option 1 |
 0x34aA...18fDF3 | 243,381 | Option 1 |
 0x8393...6F0780 | 196,168 | Option 1 |
 Linda Xie | 181,384 | Option 1 |
VOTE POWER
Proposal Status
- Fri June 11 2021, 11:00 amVoting Period Starts
- Mon June 14 2021, 11:00 amEnd Voting Period
Current Results
1-Option 1
2.062M
2-Option 3
225,111.27
3-Option 2
6,312.405