Summary

This is the second of two required treasury transfers to execute the DAO-approved CEX Supply Overhang Strategic Plan. It requests $2,000,000 in stablecoins from the DAO Treasury to the Buy-Wall Execution Multi-Sig at 0xc6378dDF536410c14666DC59BC92b5EBC0F2F79E. Combined with the ETH from Proposal 1, the pre-existing ~$1,075,000 in the POL multi-sig, and the $367,000 in GMX already held by the DAO Treasury, the effective new capital required to complete the 1,000,000 GMX buy-wall is $4,700,000 not the full $5,000,000 face value of the wall.

Fund Allocation

Buy-Wall ($5.00 floor): The DAO Treasury already holds approximately $367,000 worth of GMX, reducing the fresh capital requirement from $5,000,000 to $4,700,000. The remaining funding is completed by the $2,000,000 ETH from Proposal 1, ~$1,075,000 from the POL multi-sig ($708K USDC + ~50,673 GMX), and the $2,000,000 stablecoins requested in this proposal.

Trading Incentive Campaign $2,000,000: As part of the approved marketing and trading incentive proposal $2,000,000 of the $5,000,000 total buy-wall budget is earmarked for a trading incentive campaign. This is not an additional ask; it is drawn from within the same approved envelope. Distribution is conditional on market conditions and will only be activated if there is sufficient trading demand. If demand conditions are not met, these funds remain undeployed within the execution multi-sig and are not distributed automatically.

On-Chain Actions

Transfer $2,000,000 in stablecoins from the DAO Treasury to the Buy-Wall Execution Multi-Sig at 0xc6378dDF536410c14666DC59BC92b5EBC0F2F79E.

Note: This is the second of two required transfers. Proposal 1 covers the ETH tranche ($2M). Both proposals are part of the same DAO-approved strategic plan. 

Mandatory Withdrawal Clause

Upon expiry of the one-week execution window, the following applies:

• Any funds not deployed through the buy-wall shall be withdrawn from the multi-sig and returned to the DAO Treasury within one week. 
• Exception: The designated $2,000,000 recurring GMX purchase tranche for trading incentive campaign is explicitly excluded from the above withdrawal requirement and shall remain in the multi-sig for ongoing deployment as described above.   
• The $2 million GMX purchases will generally be conducted on a recurring basis but may be adjusted based on incentive demand, market conditions, and operational requirements.
• No other funds may remain on the multi-sig beyond the one-week window under any circumstance.