Kujira Proposal 473

---
"@type": "/cosmos.distribution.v1beta1.CommunityPoolSpendProposal"
title: "$100k KUJI<>MNTA Token Swap with Kujira Community Pool"
amount:
- denom: ukuji
  amount: '294841000000'
recipient: kujira1zspr6va4ev78lpsh48s57nv6szxj4cdywt2kkg
description: "MantaDAO would like to propose a $100k treasury swap deal with Kujira
  Community Pool that will enable further acceleration of our liquidity building efforts
  for Kujira.\n\n- We are proposing a $100k KUJI<>MNTA mutually beneficial token swap.
  Exchange ratio based on 10d TWAP: https://t.ly/3eb2V.\n\n- MantaDAO will match the
  received KUJI with another $100k of MNTA in a BOW LP.\n\n- Kujira Community will
  match the received MNTA with another $100k of KUJI in the same BOW LP.\n\n- This
  will result in $400k of additional KUJI/MNTA liquidity, bringing the total LP size
  to $600k+ and enabling swaps of up to $3k with less than 1.0% price impact for a
  diversified range of tokens thanks to MantaSwap’s multi-hop routers.\n\n- Half of
  the LP ($200k) will be owned by the Kujira Community Pool; the other half ($200k)
  will be owned by MantaDAO.\n\n- This should lead to more volumes on FIN and more
  fees for KUJI stakers:\nDeeper liquidity means traders are able to execute larger
  orders without a deterring price impact, leading to more volumes FIN.\nWhen MantaSwap
  route a trade via multiple hops, it means most of the time executing 3 market orders
  on FIN instead of one, meaning 3x more volumes and 3x more fees for KUJI stakers
  (3x 0.15% taker fee).\n\n- This will sustainably deepen liquidity for KUJI in the
  form of Protocol Owned Liquidity, without the need for any incentives. This allows
  KUJI to absorb more sell pressure with reduced price impact, leading to greater
  price stability.\n\n- This will diversify Kujira Community Pool treasury and create
  a new source of income in the form of trading profits from market-making activities
  (see slide 9 for a summary of the performance of the MNTA/KUJI LP to date).\n\nRecipient
  address is the Kujira team’s ops wallet, which will act as the intermediary for
  Kujira on-chain operations as specified in Deal Mechanics.\n\n\nThe full text of
  the proposal: https://drive.google.com/file/d/14ALE66YWntNWOeKPA9gO7BwsB7kRac8G/view\n\nDiscussion:
  https://discord.com/channels/970650215801569330/1153299784199835679 "