Conditional on AIP-010’s approval, this thread will be for discussion and tracking for the DAOs proposed $ARROW sales for our existing project funding. I’m proposing the first tranche as follows:
- Amount: up to 1,500,000 $ARROW. Sales stop when $300,000 USDC has been raised, 1,500,000 $ARROW has been sold, or the authorization expires — whichever comes first.
- Venue: on chain, Uniswap V3, Ethereum Mainnet.
- Counterparty: open market.
- Pricing: at the treasury multisig’s discretion, executed at prevailing market prices. Monthly reports MUST disclose the cumulative average execution price.
- Execution: the treasury multisig executes at its discretion on timing, sizing, and pacing relative to available liquidity.
- Scope: this bounded authorization constitutes the single conversion contemplated by AIP-010 §5.
I’ve posted a full proposal on Snapshot to authorize this tranche of token sales.