Summary:

This proposal seeks to liquidate 30% Cosmos Core’s $KUJI holdings in order to rebalance assets ratio following Kujira’s governance token, $KUJI, price rally.

Motivation:

This proposal seeks to liquidate 30% Cosmos Core’s $KUJI holdings in order to rebalance assets ratio following Kujira’s governance token, $KUJI, price rally. While the recent rally experienced by Kujira’s governance token in the last month ( +350% in the last 30 days) has greatly benefited $COSC and allowed its holders to outperform the market. It has also caused a significant imbalance to assets ratio in Cosmos Core’s portfolio. To avoid over-exposure to a single asset and keep the Real Ratio loosely pegged to the Target Ratio we propose to rebalance Cosmos Core’s portfolio by liquidating 30% of $KUJI holdings into other index assets.

Description:

If passed, this proposal will proceed to un-stake 30% ( ≈8,103 $KUJI) of Cosmos Core Kujira position (Currently ≈27,013 $KUJI). After the un-bonding period (of 21 days), liquid $KUJI tokens will be liquidated to $USDC and swapped back to portfolio assets pro-rata according to Target Ratio.

Voting options:

By voting YES to this proposal you agree to rebalancing Cosmos Core’s assets ratio by liquidating 30% of the index’s $KUJI holdings. By voting NO to this proposal you do not agree to rebalancing Cosmos Core’s assets ratio by liquidating 30% of the index’s $KUJI holdings. By voting No With Veto you deem this proposal harmful to Cosmos Core. By voting abstain you signal your desire to contribute to quorum without a preference toward whether the proposal passes or fails.