closedEnded 4 years ago · Snapshot (Offchain)
QIP087: Buyback Exceptions
By 0xAd95...268C27Continue Reading
Every week, the DAO performs buybacks for Qi with a portion of weekly revenue. These buybacks involve retrieving tokens from either vaults or markets, and then selling those tokens for Qi on the open market. Sometimes, it is not favorable to perform these buybacks as the DAO would suffer a net loss of funds.
This proposal seeks to outline the circumstances from not performing buybacks for certain portions of weekly revenue. In these cases, the buybacks would be tracked and postponed for a later time (when doing so would be favorable).
Acceptable conditions:
- Utilization rates on lending markets are too high to withdraw MAI
- Bridging fees to chains where QI LPs are deployed are higher than the buyback amount
- Gas fees are higher than the amount being bought back. This can sometimes be the case when withdrawing from yield aggregators for interest-bearing collaterals
Motivation
- Reduce loss from buybacks
- Increase operational efficiency of the DAO
Quorum Standards
The option with the most votes will be adopted.
Options
- Accept proposal
- Further discussions needed
Connect Wallet to Add Note
0Votes 739
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x5D22...5a142D | 4.394M | Accept proposal |
 0x6523...456547 | 2.732M | Accept proposal |
 0x80B3...3E6e1d | 2.07M | Accept proposal |
 0x329c...543eD4 | 1.204M | Accept proposal |
 0x7Da8...6a77Dc | 615,335 | Accept proposal |
VOTE POWER
0
Connect Wallet
Proposal Status
- Tue April 12 2022, 05:29 pmVoting Period Starts
- Fri April 15 2022, 02:00 pmEnd Voting Period
Current Results
1-Accept proposal
13.312M
2-Further discussions needed
2,082.202