Executed

Transfer assets for TCAP liquidity to the Cryptex Liquidity Management SubDAO


ID 19

ID 19

Proposed on: May 25th, 2024

Proposed on: May 25th, 2024

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Proposal

Dear Community Members,

The snapshot vote to select candidates for the SubDAO multisig has concluded. Based on the results, 0xDonnie, dnkta, and ClownBaby received approximately 70% of the votes.

The SubDAO multisig will begin with 3 signers, and on a quarterly, bi-annual, or annual basis, we can vote on adding more contributors to the SubDAO.

The multisig has been created and is ready to use, see below:

ETH: https://etherscan.io/address/0x41187c70eB8eeEfDaEd4ED0bFF20005C53c3a7DD

Base: https://basescan.org/address/0x41187c70eB8eeEfDaEd4ED0bFF20005C53c3a7DD

Arbitrum: https://arbiscan.io/address/0x41187c70eB8eeEfDaEd4ED0bFF20005C53c3a7DD

Now, we are ready for an on-chain vote to move the assets approved for management from the previous proposals.

With this proposal, we will focus on transferring 69,206.38148 USDC from the Cryptex DAO Treasury to the Cryptex Liquidity Management SubDAO.

The transferred USDC will be used to add liquidity for TCAP as voted by the community:

https://snapshot.org/#/cryptexdao.eth/proposal/0x2327d7e847060ffb043a00b49d5e997992ebd83994acbd969ec27e144144f6e1

After this proposal, we will proceed with a second on-chain vote by the end of June to manage the CTX transfers for the CTX pool on Base.

Your participation in these on-chain votes is crucial for the continued success and growth of our DAO. Please review the information provided and cast your vote. Your support and dedication are greatly appreciated.

Thank you for your ongoing commitment to our DAO

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