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Olympus PolicyOlympus Policyby0xB936Ab7902A5d8083915c03f60eb0033678dA8150xB936…A815

Convert ETH from Stability Pool back to Stables (Revised)

Voting ended over 3 years agoSucceeded

Link to the initial vote: https://snapshot.org/#/abipup.eth/proposal/0x15cc051e56395b7fce22750cca32e74c06e71eea4f0182d76feca622525148f4

Since we are not doing 33/33/33 Pool on Balancer, the ETH acquired from liquidations is not needed anymore to pursue our short term liquidity objectives:

  • Balancer 50/25/25
  • Arbitrum LP

Doing the above , should also leave the Treasury with around $3M ETH on hand, when excluding the recently acquired ETH.

This vote is to align on selling all the ETH from the stability pool back to stables, as it is not needed anymore for our liquidity plans, as per the snapshot vote below: https://snapshot.org/#/abipup.eth/proposal/0x3ad75769bc58080095023b193e273c0031dc7919f903daddf4141b172d2b2a31

As a reference, 15554 ETH were recently acquired through the stability pool.

Off-Chain Vote

Sell 100%
5 vote71.4%
Do not sell 100%
2 vote28.6%
Download mobile app to vote

Timeline

Jun 29, 2022Proposal created
Jun 29, 2022Proposal vote started
Jun 30, 2022Proposal vote ended
Oct 26, 2023Proposal updated