# Proposal: Capitalize the DAO with 500K USDC by purchasing FORTH at market price **URL:** \ **Category:** Ampleforth Governance\ **Created:** [November 17, 2023, 11:52pm UTC](https://forum.ampleforth.org/t/proposal-capitalize-the-dao-with-500k-usdc-by-purchasing-forth-at-market-price/707 "2023-11-17T23:52:00Z")\ **Posts on this page:** 13\ **Page:** 1
**Author:** ![evankuo](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/evankuo/32/43_2.png) [@evankuo](https://forum.ampleforth.org/u/evankuo)\ **Post date:** [November 17, 2023, 11:52pm UTC](https://forum.ampleforth.org/t/proposal-capitalize-the-dao-with-500k-usdc-by-purchasing-forth-at-market-price/707/1 "2023-11-17T23:52:00Z")
The Forth DAO is currently in possession of several tokens but is deficient in USDC [Ampleforth Dashboard](https://www.ampleforth.org/dashboard/dao). This proposal requests to capitalize the DAO with 500K USDC by purchasing FORTH at market price. To price the FORTH we’ll take the 7-day simple moving average price from TradingView looking back from the time of this submission ($3.331 / FORTH). This USDC can be used by the DAO for many things including DAO-owned forever liquidity. ---
**Author:** ![Pascal](https://avatars.discourse-cdn.com/v4/letter/p/e9a140/32.png) [@Pascal](https://forum.ampleforth.org/u/Pascal)\ **Post date:** [November 18, 2023, 9:57pm UTC](https://forum.ampleforth.org/t/proposal-capitalize-the-dao-with-500k-usdc-by-purchasing-forth-at-market-price/707/2 "2023-11-18T21:57:08Z")
A bit confused on who is purchasing the Forth? And is that entity one that has any interest in the Forth ecosystem, i.e will they participate in Forth proposals/votes? ---
**Author:** ![Greg](https://avatars.discourse-cdn.com/v4/letter/g/71c47a/32.png) [@Greg](https://forum.ampleforth.org/u/Greg)\ **Post date:** [November 25, 2023, 7:04pm UTC](https://forum.ampleforth.org/t/proposal-capitalize-the-dao-with-500k-usdc-by-purchasing-forth-at-market-price/707/3 "2023-11-25T19:04:46Z")
Where is the USDC coming from? ---
**Author:** ![danb](https://avatars.discourse-cdn.com/v4/letter/d/f05b48/32.png) [@danb](https://forum.ampleforth.org/u/danb)\ **Post date:** [November 28, 2023, 11:32am UTC](https://forum.ampleforth.org/t/proposal-capitalize-the-dao-with-500k-usdc-by-purchasing-forth-at-market-price/707/4 "2023-11-28T11:32:18Z")
In support of this. But there is some confusion, maybe due to wording? Is this to “buy usdc, USING the DAO owned Forth?”… Im assuming this is the meaning, but yes in favor of this, sounds like it could bring a lot of extra liquidity, but would be interested to discuss specifically which liquidity pairs you have in mind and the economic logic. ---
**Author:** ![aalavandhan1894](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/aalavandhan1894/32/425_2.png) [@aalavandhan1894](https://forum.ampleforth.org/u/aalavandhan1894)\ **Post date:** [November 28, 2023, 12:35pm UTC](https://forum.ampleforth.org/t/proposal-capitalize-the-dao-with-500k-usdc-by-purchasing-forth-at-market-price/707/7 "2023-11-28T12:35:33Z")
> [@aalavandhan1894](#): > > Agree, we should discuss further on which liquidity pairs are most beneficial. We can move that out to a separate post. Agree, we should discuss further on which liquidity pairs are most beneficial. We can move that out to a separate post. ---
**Author:** ![Nestor](https://avatars.discourse-cdn.com/v4/letter/n/e495f1/32.png) [@Nestor](https://forum.ampleforth.org/u/Nestor)\ **Post date:** [November 30, 2023, 5:00pm UTC](https://forum.ampleforth.org/t/proposal-capitalize-the-dao-with-500k-usdc-by-purchasing-forth-at-market-price/707/8 "2023-11-30T17:00:13Z")
@evankuo Can you clarify the proposal on where the funds come from? ---
**Author:** ![evankuo](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/evankuo/32/43_2.png) [@evankuo](https://forum.ampleforth.org/u/evankuo)\ **Post date:** [December 1, 2023, 6:59pm UTC](https://forum.ampleforth.org/t/proposal-capitalize-the-dao-with-500k-usdc-by-purchasing-forth-at-market-price/707/9 "2023-12-01T18:59:52Z")
@danb yes it could be phrased that way. From the DAO’s perspective, it would be purchasing USDC using FORTH. ---
**Author:** ![evankuo](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/evankuo/32/43_2.png) [@evankuo](https://forum.ampleforth.org/u/evankuo)\ **Post date:** [December 1, 2023, 7:02pm UTC](https://forum.ampleforth.org/t/proposal-capitalize-the-dao-with-500k-usdc-by-purchasing-forth-at-market-price/707/10 "2023-12-01T19:02:10Z")
I’m writing this proposal at the service of the Ampleforth foundation. The foundation has offered to purchase FORTH at market price, using USDC. ---
**Author:** ![Brandon](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/brandon/32/301_2.png) [@Brandon](https://forum.ampleforth.org/u/Brandon)\ **Post date:** [December 1, 2023, 11:01pm UTC](https://forum.ampleforth.org/t/proposal-capitalize-the-dao-with-500k-usdc-by-purchasing-forth-at-market-price/707/11 "2023-12-01T23:01:33Z")
Thanks for the clarification Evan. I’ve posted a signal vote here: [https://signal.ampleforth.org/#/proposal/0x054a514cadc4db82cbe79d1ab9a5d6dcef52a02c370abae71872d4841db89ef6](https://signal.ampleforth.org/#/proposal/0x054a514cadc4db82cbe79d1ab9a5d6dcef52a02c370abae71872d4841db89ef6) ---
**Author:** ![Pascal](https://avatars.discourse-cdn.com/v4/letter/p/e9a140/32.png) [@Pascal](https://forum.ampleforth.org/u/Pascal)\ **Post date:** [December 2, 2023, 1:56pm UTC](https://forum.ampleforth.org/t/proposal-capitalize-the-dao-with-500k-usdc-by-purchasing-forth-at-market-price/707/12 "2023-12-02T13:56:22Z")
Ampleforth foundation purchasing 500K USDC worth of Forth from the Ampleforth DAO seems like a straightforward transaction. I am in favor of this proposal ---
**Author:** ![evankuo](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/evankuo/32/43_2.png) [@evankuo](https://forum.ampleforth.org/u/evankuo)\ **Post date:** [December 2, 2023, 5:48pm UTC](https://forum.ampleforth.org/t/proposal-capitalize-the-dao-with-500k-usdc-by-purchasing-forth-at-market-price/707/13 "2023-12-02T17:48:08Z")
Thanks @Pascal, appreciate the support 👍 ---
**Author:** ![Togenkyo](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/togenkyo/32/102_2.png) [@Togenkyo](https://forum.ampleforth.org/u/Togenkyo)\ **Post date:** [December 5, 2023, 3:43pm UTC](https://forum.ampleforth.org/t/proposal-capitalize-the-dao-with-500k-usdc-by-purchasing-forth-at-market-price/707/14 "2023-12-05T15:43:53Z")
Will the Ampleforth Foundation participate in voting with the $500k FORTH? ---
**Author:** ![Brandon](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/brandon/32/301_2.png) [@Brandon](https://forum.ampleforth.org/u/Brandon)\ **Post date:** [December 12, 2023, 3:27am UTC](https://forum.ampleforth.org/t/proposal-capitalize-the-dao-with-500k-usdc-by-purchasing-forth-at-market-price/707/15 "2023-12-12T03:27:45Z")
An onchain proposal is posted: [https://www.tally.xyz/gov/ampleforth/proposal/24](https://www.tally.xyz/gov/ampleforth/proposal/24)