TCD#47. Lend $BADGER - an amendment to TCD#32

[Lipp]

TCD#47. Lend $BADGER - an amendment to TCD#32

The initial six month tranche was exercised:

Ethereum Transaction Hash: 0x4427012053... | Etherscan

Now the second six month term commences for the additional 300k tokens.
GSR has offered amending to a 75% premium to the three trading days preceding this coming strike. The prior deal had 25%.
All remaining contractual terms would be unchanged
If approved, the amendment would be signed prior to shipping the 300k tokens

Here’s the initial decision

#32: Treasury Council Decision: Lend $BADGER

BadgerDAO has the opportunity to strengthen token distribution, liquidity depth, and volume by providing a $BADGER loan to a global market making partner, with an expected profit when repayment is exercised. To work with this service provider, Badger required a legal entity with supporting characterization and documentation. The Badger Association can now enable the due diligence required to enable this type of partnership. The following proposal outlines the potential deal, pending KYC approv…