This is a community spend proposal to perform a tokenswap of 167224 KUJI from the community pool for 871586 MNTA, both worth a market value of $150k. The exchanged KUJI given to MantaDAO will solely be used with another $150k of matched MNTA and deposited into the MNTA/KUJI BOW Pool creating the 4th largest BOW pool by TVL and the first step towards transitioning BOW and FIN to POL.The MNTA/KUJI pair will allow for efficient routing from MNTA to any of ATOM, axlUSDC, USK or ampKUJI at very low slippage due to their high current liquidity and will scale down the amount needed for incentives on MNTA/axlUSDC and MNTA/USK. It will also serve as a crucial hop-point pair in MantaSwap routing, with further /MNTA pairs to be deployed in the future with POL that will deliver low-slippage trades with high liquidity for BOW without the need for emissions. The Kujira community pool would be free to either match the swapped MNTA with KUJI and double the POL with their LP retained within the community pool address ($600k total, 3rd highest BOW pool) or retain the MNTA as it is within the community pool for whichever action they choose. The address chosen (kujira1zspr6va4ev78lpsh48s57nv6szxj4cdywt2kkg) as the recipient of this community spend proposal is the Team Operations address and they have agreed to act as the intermediary for this transfer.
