SushiHouse Funds Redemption Pt1 [Implementation]
This proposal’s expectation is to produce an implementation. Full details and discussions can be found at:
https://forum.sushi.com/t/sushihouse-funds-redemption/10783
Synopsis:
SushiHouse is a Set Token that was setup by Yam’s treasury management team to diversify into assets for bear market protection.
Due to the management team to manage these funds not being in place anymore, this proposal is to determine if Sushi Treasury should redeem the funds that currently makeup the SushiHouse tokens back to the Treasury.
This is a 2-part proposal, with part 1 being the implementation vote on the redemption of SushiHouse funds to the treasury. While part 2 will determine if the funds redeemed should be fully sold for stables or not.
Redemption vote is straightforward and just requires the Treasury multisig to breakdown SushiHouse tokens and redeem funds back to the Treasury.
Sell-off of funds will require Treasury to look into whether OTC or on-chain settlements are the better option for selling off assets, and will go with w/e approach results in smaller amount of slippage from the swaps. Likely being that OTC is the better option for selling out of these tokens.
TLDR:
Part1 -> Redeem SushiHouse assets back into the Treasury
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x561f...3263F5 | 3.97M | Yay (Redeem tokens) |
 0xe05A...519879 | 3.067M | Yay (Redeem tokens) |
 0x5eDf...11B2F2 | 322,596 | Yay (Redeem tokens) |
 0x8CCb...D6c9F5 | 321,541 | Yay (Redeem tokens) |
 0x79bE...CbC143 | 96,092 | Yay (Redeem tokens) |
VOTE POWER
Proposal Status
- Sun June 26 2022, 11:19 pmVoting Period Starts
- Mon July 04 2022, 05:00 pmEnd Voting Period
Current Results
1-Yay (Redeem tokens)
7.975M
2-Nay (Keep in SushiHouse)
4,299.518
3-Abstain
345.997