YieldBlox
Send Final Allocation of 2.15M BLND To Backstop Manager
YieldBlox DAO proposes transferring 2.15M BLND tokens from its treasury to the Backstop Manager contract. The transfer bootstraps YieldBlox V2's backstop with a price floor set at 80% of market value at creation time, managed by the YieldBlox Security Council.
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YieldBlox DAO submitted a governance proposal to allocate 2.15M BLND from the DAO treasury to the Backstop Manager contract. The funds will bootstrap YieldBlox V2's backstop mechanism with a minimum price floor of 80% market value. The Backstop Manager contract, governed by the YieldBlox Security Council, handles creation of the bootstrap and subsequent claims to the V2 backstop. The proposal leverages the Soroban Governor framework for execution and fund management.
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