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Magic Internet MoneyMagic Internet Moneyby0x5EeDA5BDF0A647a7089329428009eCc9CB9451ccabracadabradaoeoa.eth

AIP #44: Constitute a Depeg Contingency Fund

Voting ended about 2 years agoSucceeded

Tl;dr: Constitute a Depeg Contingency Fund (DCF), coming initially from the DAO’s SPELL emissions budget and later on from other sources of revenue of the DAO, to step in and improve MIM peg and collateralisation in situations of extreme stress.

📖 Read more on the proposal: https://forum.abracadabra.money/t/aip-44-constitute-a-depeg-contingency-fund/4464

Off-Chain Vote

Yes, Approve the DCF
4.29B SPELL100%
No, Do Not Approve the DCF
0 SPELL0%
Quorum:143%
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Discussion

Magic Internet MoneyAIP #44: Constitute a Depeg Contingency Fund

Timeline

Feb 07, 2024Proposal created
Feb 07, 2024Proposal vote started
Feb 10, 2024Proposal vote ended
Mar 12, 2025Proposal updated