The 12 month market making loan option has concluded with a partial exercise. Of the 800k tokens loaned, the option was exercised on 600k. At a strike price of $4.24723, this means the DAO will receive:
- $2,548,338 USDC, and
- 200,000 FORTH
In the event of another market making deal, it may be easier to net settle the two transactions rather than fully settle each individually. So the settlement execution steps may depend on a future market making agreement.
A new proposal will be submitted soon, and will be linked here when ready.
Update: Here is the new proposal