An accurate and detailed description of what you are proposing
350HNY to be sent to a 4 of 6 partnered multisig where 3 members are 1hive and 3 members are shapeshift.
- Pending the outcome of Shapeshifts vote, 335,000 fox to be sent to the multisig.
- A second 1hive vote will be posted after the passing of the shapeshift and 1hive vote to send a matching amount of HNY needed to pair with the 335,000 fox.
- Liquidity will be added to HNY+FOX LP
- LP sent to 1hive DAO
- Shapeshift intends to do the same resulting in approximately $400k in HNY-FOX liquidity on Honeyswap
- At anypoint we are unable to follow through with these intentions then HNY will be sent back to the DAO.
Detailed rationale for why this proposal exists and should matter to HNY holders, the 1Hive community, and/or DAO ecosystem
Amount of HNY requested: 350HNY approximately $105,000
Ethereum address where funds shall be transferred:
Gnosis Safe 0x25A6343E69CE6cd7a2c34536595341Cb6b038c5F
More detailed description of how funds will be handled and used:
A 4 of 6 multisig once fox token is added (currently a 3 of 5) wallet is set up with the following members: