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aggregatedfinance / agfi-dao

Aggregated Finance DAO Proposal Management
MIT License
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Treasury - [Staking ETH] #4

Closed Peertosh closed 1 year ago

Peertosh commented 2 years ago

Investing idea for our Treasury. MCC offers ETH Staking and earning MPRINT. APR is currently 600%.

My proposal: Use ETH from the AGFI Treasury for staking ETH for MPRINT

bedjackhammer commented 2 years ago

Anything that can offer those returns are a positive. Let’s do it.

Zaphods-Ghost commented 2 years ago

Where do their Staking rewards come from? I am not sure MCC has shown to be a model we want AGFI to mimic...

Peertosh commented 2 years ago

Where do their Staking rewards come from? I am not sure MCC has shown to be a model we want AGFI to mimic...

The topic isnt to mimic mcc. Its just to expand our treasury. I guess the staking rewards comes from the mcc treasury.

Melkorious commented 2 years ago

This proposal does not adequately outline how to accomplish the staking model being suggested.

Peertosh commented 2 years ago

Go to https://mprint.mchain.capital/ connect wallet, change eth in weth then you can stake weth for mprint

aggregatedfinance commented 2 years ago

It seems there is legal action being opened against the MCC project. There may be an underlying risk to AGFI by interacting with a project that may suffer interference from authorities from these legal proceedings.

https://t.me/MultiChainCapital/1034394

Cryptobuzz1 commented 2 years ago

Stay well away and pull mcc out of the wallet then?

aggregatedfinance commented 2 years ago

Stay well away and pull mcc out of the wallet then?

A vote can be made on snapshot to vote on liquidating that position if it's wanted

Cryptobuzz1 commented 1 year ago

Due to proposal https://github.com/aggregatedfinance/agfi-dao/issues/14 being successful this proposal has been closed due to the new 15 day rule which went live 09/09/22