Molotov's Redemption Balancer under DXD Token Model

dxDAO
#1

I am submitting my Redemption Balancer under DXD approved Token Model, following Redemption Balancer guidelines that are currently under signal voting.

Transfer transaction of my 2,100.68 DXD to the DXdao multisig: https://etherscan.io/tx/0x66e85dd78393f1a7a72bdc6af0535127a5393bedd71bc6c3647b51e8d9cec360

Please find below my screenshot of the ‘Redemption Balancer Calc’, with prices and circulating supply dated to the moment of the DXD transfer to the DAO:

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rd1088×1008 109 KB

In 24 hours, I will create a proposal to request 451,711.54 USDC (or DAI) and 651.66 ETH to the DAO multisig.

Appendix:
Detailed NAV

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nav1034×1062 123 KB

Prices & Holdings

copy pasta
copy pasta2244×770 191 KB

DXD Circulating Supply
circ

4 Likes
Governance Discussion, January 18, 2022
#2

numbers add up for me.

#3

So this looks alright to me with a slight deviation in ETH balances, what I did is aggregate both Ethereum and Gnosis Chain token balances.

You can get these balances from:

┌─────────┬─────────┬──────────────────┬─────────┐
│ (index) │  token  │     balance      │ chainId │
├─────────┼─────────┼──────────────────┼─────────┤
│    0    │ rETH2   │     43.429       │    1    │
│    1    │ LUSD    │ 1,176,748.176    │    1    │
│    2    │  DAI    │ 3,566,796.495    │    1    │
│    3    │ SWPR    │ 77,648,413.405   │    1    │
│    4    │ USDC    │ 1,723,859.548    │    1    │
│    5    │ rETH    │    197.682       │    1    │
│    6    │ stETH   │    528.914       │    1    │
│    7    │ WETH    │    278.109       │    1    │
│    8    │  ENS    │    46,296.3      │    1    │
│    9    │ USDT    │       0          │    1    │
│   10    │  ETH    │   8,919.676      │    1    │
│   11    │ sETH2   │   1,327.564      │    1    │
│   12    │ WETH    │   1,101.873      │   100   │
│   13    │  GNO    │    255.478       │   100   │
│   14    │ USDC    │  233,773.843     │   100   │
│   15    │ WXDAI   │ 1,707,012.065    │   100   │
│   16    │ XDAI    │  143,497.306     │   100   │
│   17    │ WBTC    │     5.297        │   100   │
│   18    │  DPI    │    870.284       │   100   │
└─────────┴─────────┴──────────────────┴─────────┘
#4

This might come from the liquidity pool balances having changed between the moment I posted and now.

Otherwise, here is the full source of ETH balances, that are available here:

0x519b70055af55a007110b4ff99b0ea33071c720a:
6,307.1225 + 0.28 ETH
1,327.56 sETH2
43.38 rETH2
528.91 stETH
208.57 rETH

0xc088e949b9643d5c47a188084579b8d19b1b1112:
105.7469 ETH
4.6220 wETH
244.38 ETH
23.06 ETH

0xa1d65E8fB6e87b60FECCBc582F7f97804B725521:
2,501.8181 ETH

0x9467dcfd4519287e3878c018c02f5670465a9003 (DXgod multisig):
4.9888 ETH

Total:

  • 9,187.40 ETH
  • 1,087.96 wETH
  • 1,327.56 sETH2
  • 528.91 stETH
  • 208.57 rETH
  • 43.12 rETH2

Because liquid staked ETH tokens have different pricing, the Redemption Calc divides their total NAV value by the price of ETH to calculate the total amount of ETH to request ((sETH2 quantity x sETH2 price + stETH quantity x stETH price + …) / ETH price).

You can find the price of each liquid staked ETH token at the instant of my snapshot in the “Prices & Holdings” appendix.

#5

Proposal submitted.