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Use $77K Dai to buy DOLA at a discount and execute our first $50K INV buy back

Executed
#028 - alpha ERA

Executed Sep 28th, 2021

Details

Deployer

  • In order to address the DOLA peg problem, I propose using all of our Dai revenue reserves to market-buy DOLA at a discount, creating additional demand for DOLA
  • The current INV price creates a unique opportunity to buy back INV at a low price in order to allocate tokens for future rewards. The current protocol revenue rate is $(Link) DOLA per year or $95K per month. I propose using $50K DOLA to buy back INV.

ACTIONS Approve $77K Dai to the Deployer address in order to execute DOLA and INV purchases on behalf of the DAO. All DOLA and INV proceeds will be sent back to the DAO treasury address.

Actions

Action 1
«
Set Deployer's

DAI

Allowance to

77,125.89824376792

»
DAI
.approve(
Deployer,

77125898243767921506286

)

Proof of Reviews

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17 voters

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Deployer

5.41k

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0x79CD...Fb11

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0xF12F...f9EC

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