Screenshot 2024-03-18 at 7.53.14 PM
Overview
Colosseum wishes to acquire {tbd} META (METADDFL6wWMWEoKTFJwcThTbUmtarRJZjRpzUvkxhr) from The MetaDAO Treasury (ADCCEAbH8eixGj5t73vb4sKecSKo7ndgDSuWGvER4Loy).
If the proposal passes, the price per META will be the TWAP of the pass market if below $850. If this proposal is approved and the pass market TWAP surpasses $850 per META, but is below $1,200, then the acquisition price per META will be $850. If the pass market TWAP surpasses $1,200, then this proposal becomes void and the USDC in the multisig will be returned to Colosseum’s wallet.
A total of $250,000 USDC (EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v) will be committed by Colosseum.
The MetaDAO will transfer 20% of the final allocation of META to Colosseum's wallet immediately and place 80% of the final allocation of META into a 12 month, linear vest Streamflow program.
Rationale