Investment Proposal: Firn Protocol

Grav · May 24, 2023, 3:38pm

Please see below the OTC sale contract. This contract was reviewed by the DAO stewards as well as members of the Hedgey Finance team, and verified to be sound and secure.

github.com

firnprotocol/contracts/blob/lunar/FirnLunarDAOEscrow.sol

// SPDX-License-Identifier: MIT

pragma solidity 0.8.17;

import "./ERC20.sol";

contract FirnLunarDAOEscrow {
    address payable public constant LUNAR_DAO = payable(0x59F77dC848C2E45B5954975ee1969e7A22fA25F6);
    address payable public constant FIRN_MULTISIG = payable(0xa14664a2E58e804669E9fF1DFbC1bD981E13B0dC);
    ERC20 public immutable firnToken = ERC20(0xDDEA19FCE1E52497206bf1969D2d56FeD85aFF5c);

    uint256 public constant VESTING_DATE = 1717214400; // 01-06-2024, at 04:00:00 GMT. 1 year from vote date.

    uint256 public constant ETHER_AMOUNT = 36417 * 1e15; // 36.417 ether.
    uint256 public constant FIRN_AMOUNT = 4888 * 1e18; // FIRN: $13.81. take $67,500 / that. round up.
    bool public dealStatus = false;

    receive() external payable { // receive ether, i.e. as a payout from Firn fees.

    }

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ogma · June 1, 2023, 7:53am

Within 12 hours LIP-0003 will be submitted to vote

It is a substantial portion of the treasury, please read carefully and double check.

LIP-003: lip/lip-0003.md at main · firnprotocol/lip · GitHub
Escrow contract: FirnLunarDAOEscrow | Address 0xF6c9D03b76B845f6e3B9AbA22af4fB51856a58A6 | Etherscan
DAO proposal - Multi-call proposal builder: DAOhaus Admin

Steps

Update LIP of the contract link and calculations - Firn PR, LD Stewards merge
Publish a blog post about this investment proposal - Stewards on it
Get one last review of the new contract
Build the proposal
Announce + share

Building the proposal

In the builder UI enter name, desc and link to the last LIP version
Action 0
- target address is the escrow contract 0xF6c9D03b76B845f6e3B9AbA22af4fB51856a58A6
- value is $45,000 USD / $1,891.95 USD/ETH = 23.784ETH in Wei 23784000000000000000
- Function executeDeal()
Per governance an Investment proposal has 0.5% management fee, that will be part of the proposal as Action 1
- target address is the contract DAO 0x747da68facd1459e9d9b8f928418da30769d3ba1
- function mintShares()
- Value = 0
- param Address is Stewards’ multi-sig safe: 0xAb501a8Eb58c9780eb04D683feB504fcE391A2DD
- param Amount is 0.5% worth of $VOX = (total_vox / 0.995) - total_vox = (3712.53 / 0.995) - 3712.53 = 18.655 $VOX in Wei = 18655000000000000000

Feedback welcome!

zero · June 2, 2023, 8:53am

Firn protocol invest proposal submitted

The proposal to invest in Firn protocol has been submitted yesterday and is open for voting 72h.

Proposal:
https://admin.daohaus.fun/#/molochV3/0x1/0x747da68facd1459e9d9b8f928418da30769d3ba1/proposals/16

Twitter:
https://twitter.com/lunarpunksquad/status/1664405704063549444?cxt=HHwWiIC8jeyKlJkuAAAA

ogma · June 8, 2023, 3:01pm