LobbyFi’s rationale on the price and making the voting power available for sale for this proposal
We observe this proposal as one profiting the DAO in a broader sense and see multiple parties that may profit from it directly marginally. For this reason, the community auction will be enabled.
Relying on the estimates mentioned in the proposal, the instant buy will be calculated based on following positions:
- Karpatkey is charging 0.5% on 5M ARB (~4,618 ETH) for the stablecoin strategy, and another 0.5% on 5M ARB (~4.618 ETH) for the ARB strategy as a management fee → ~9,235 ETH in sum
- AvantGarde/MYSO is charging 0.5% as a management fee on 5M ARB and 10% on potential return of 10% of that sum as a performance fee (estimated return 5-15%, taking 10% as an average) (~13.853 ETH) for the stablecoin strategy. For the ARB strategy, they are willing to charge 15% on 30% projected return on 5M ARB (~41.558 ETH) → ~55.411 ETH in sum
(For the calculations above, the ARB/ETH rate that is used is 0.0001847)
The cummalative fee of Karpatkey, Avantgarde and MYSO is to lie at some 65 ETH. LobbyFi will charge 1% of that as the instant buy price.