executedEnded 4 years ago · Onchain
Use $77K Dai to buy DOLA at a discount and execute our first $50K INV buy back
By 0x3FcB...50cB28
- In order to address the DOLA peg problem, I propose using all of our Dai revenue reserves to market-buy DOLA at a discount, creating additional demand for DOLA
- The current INV price creates a unique opportunity to buy back INV at a low price in order to allocate tokens for future rewards. The current protocol revenue rate is $1.14M DOLA per year or $95K per month. I propose using $50K DOLA to buy back INV.
ACTIONS Approve $77K Dai to the Deployer address in order to execute DOLA and INV purchases on behalf of the DAO. All DOLA and INV proceeds will be sent back to the DAO treasury address.
Connect Wallet to Add Note
0Votes 17
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x3FcB...50cB28 | 5,410 | FOR |
 0x00A5...D2659a | 156 | FOR |
 0x79CD...c7Fb11 | 126 | FOR |
 0x08D8...Ab8e48 | 22 | FOR |
 0xF12F...92f9EC | 12 | FOR |
VOTE POWER
0
Connect Wallet
Proposal Status
- Published Onchain0x3FcB...50cB28
- Thu September 23 2021, 05:04 amVoting Period Starts
- Sat September 25 2021, 09:00 pmEnd Voting Period
- Sun September 26 2021, 12:35 amQueue Proposal
- Tue September 28 2021, 01:24 amExecute Proposal
Current Results
1-FOR
5,737.131
2-AGAINST
N/A Tokens