[0IP-25] Selling recuperated funds

Proposal:

The 0VIX Protocol Association proposes the sale of the recuperated GHST and vGHST tokens to provide the necessary liquidity to recapitalise the markets on Polygon PoS.

Motivation:

The key motivation behind this proposal is to ensure the prompt replenishment of market liquidity, which is essential for reopening the 0VIX PoS (Proof-of-Stake) markets operations and facilitating future growth.

By selling all recuperated tokens (totals in the table below), we can effectively inject enough funds into the PoS markets to restart in a viable manner, thereby supporting trading activities and bolstering overall market confidence.

Recuperated GHST	763’000
Recuperated vGHST	206’000

0IP-21 already ascertained that the will of the community is to distribute recuperated GHST to affected markets rather than other purposes, while 0IP-24 confirmed this solution should be extended to the recuperated vGHST.

The 0VIX Protocol Association would aim for receiving the best price possible over the upcoming weeks given the available liquidity on CEXs and DEXs, and without inflicting a significant price impact on the GHST price. This approach aims to ensure that the interests of our community are not affected by capturing an average sell price far below the current GHST/USDT and GHST/USDC trading range, as they are the major trading pairs.

Subsequently, the USDT and USDC will be swapped into the various assets required for market replenishment pursuant to [OIP-21]. This second step will be performed as close to PoS protocol restart as technically possible to guarantee minimal impact of token price dynamics on the distribution of funds.

Once all operations conclude, the CEX/DEX sales will be accounted for and logs will be shared with the community to make the process as transparent as possible.

Due to the voting period being 3 days, quorum is set at 100,000 preVIX.

Details:

• Swap GHST tokens into USDT/USDC through CEXs and DEXs.
• Swap USDT/USDC into the various assets required for market replenishment.

Quorum Standards:

• 100,000 preVIX

Voting period:

• 3 days

Vote options:

• Option 1: Accept the proposal
• Option 2: Further discussion needed