Bid up $MTN to NAV?
Bid up $MTN to NAV?
Final TWAP
- Pass
- $0.5610
- Fail
- $0.4880
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Final TWAP
- Pass
- $0.5610
- Fail
- $0.4880
The final outcome is decided by the time-weighted average price, not the last traded price.
Summary
Currently, the market price of MTN is ~$0.49 despite having ~$0.58 of USDC in the treasury per outstanding MTN. This proposal aims to allocate 1,000,000 USDC to buy back the token until it reaches NAV. At a high-level, this would work as follows: 1. The USDC would be sent to an operational multisig 2. The operational multisig would acquire MTN through Jupiter trigger orders over one week. 3. Any remaining funds would be transferred back to the DAO treasury.
- Created on
- May 4, 2025
- Proposed by
- QwPD…VqLi
Instructions
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Trade History
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Your position
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