Summary

As disclosed in Proposal 84, an agreement with DWF labs to OTC swap 1,000,000 USDC for INV tokens at a 15% discount is underway. DWF Labs has informed Inverse DAO that they wish to make the following changes to the existing OTC contract before initiating their commitment:

• Inverse will still use on chain Balancer data for price
• Inverse will adjust price to reflect 15% discount instead of 15% bonus
• Inverse will add an additional 30 days of duration to the smart contract to 170 to account for days, if any, where CMC price might be lower than on-chain price and DWF chooses not to buy that day

On-Chain Actions

• Sweep old Purchaser contract of 10,000 INV tokens
• Initiate new Purchaser contract with the following parameters:
• • Start time: February 10th 00:01 2023
• • Run time: 170 days
• • Daily limit: 10k$
• • Lifetime limit: 1000k$
• • Discount: 15%
• • Min INV price: 50$
• Send 10,000 INV tokens to new Purchaser contract
• Add DWF wallet to whitelist of new Purchaser contract