Divest $MORPHO position
Summary
This proposal facilitates the transfer the $MORPHO tokens from Instadapp Lite DSA to the Team Multisig.
Code Changes
Transferring $MORPHO from Lite DSA to Team Multisig
Transfer a total of ~1.413M $MORPHO from Instadapp Lite DSA: 0x9600a48ed0f931d0c422d574e3275a90d8b22745 to the Avocado Team Multisig: 0x4F6F977aCDD1177DCD81aB83074855EcB9C2D49e
Description
This governance proposal facilitates the transfer of all the $MORPHO tokens collected over the years via Instadapp Lite DSA into the Avocado Team Multisig which will be further sold for ETH with the idea of building the cash reserves in the treasury.
Conclusion
The sale of $MORPHO tokens in the team multisig to ETH will help to build the protocol treasury which can further be utilized for initiatives that can increase the protocol adoption, generate sustainable yields and thus contribute to Fluid’s long-term growth.
Snapshot Link: Divest $MORPHO position
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xa761...834324 | 1.51M | FOR |
 0x1a99...43fe8F | 1M | FOR |
 0xA45f...8cea01 | 1M | FOR |
 0xe9cC...31aA9F | 500,000 | FOR |
 0xd99a...e5fFd1 | 420,318 | FOR |
VOTE POWER
Proposal Status
- Mon January 13 2025, 06:14 pmVoting Period Starts
- Wed January 15 2025, 06:30 pmEnd Voting Period
- Wed January 15 2025, 09:56 pmQueue Proposal
- Fri January 17 2025, 01:21 pmExecute Proposal
Current Results
1-FOR
4.6M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens