Treasury Troubles Solved: with the UMA range Token

A year ago we were all aping into DeFi farms hunting those precious governance tokens because, you know, NUMBER GO UP. Governance was basically seen as a LARP, a way to shank idiots into believing money really could be conjoured out of thin air. But I've become increasingly aware of grumbling around governance, particularly when it comes to VC weight in decision making. The recent DeFi Education Fund being a case in point. 1m UNI, around 19 million murica coins at the time were granted after receiving support from UNI holders, only the third such proposal to actually pass a vote. And many of the supporters were big big big wallets. What really hacked people off was the fund's decision to immediately liquidate half of the allocation despite the proposal indicating it would liquidate over a period of four to five years. Although, since they haven't liquidated all of it they haven't actually broken that promise.

UMA's range token offers a way for projects to bootstrap liquidity without selling their own tokens by instead using them as collateral.

Links
UMA Range Tokens: https://medium.com/uma-project/treasury-diversification-with-range-tokens-145d4b12614e
UNI Defi Education Fund proposal: https://gov.uniswap.org/t/governance-proposal-005-defi-education-fund/12963
The Sushi $60m proposal: https://forum.sushi.com/t/sushi-phantom-troupe-strategic-raise/4554

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