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AirDAOAirDAOby0xb16398c0698149Ae6EC342614830bC0511b83CAf0xb163…3CAf

Vote on the next steps for utilizing profits and a new burning strategy

Voting ended over 1 year agoSucceeded

AirDAO community vote.png Token burning has long been recognized as a powerful mechanism within fully developed ecosystems where circulation closely matches full supply. This process can enhance the value of the coin and positively impact its price by creating scarcity. However, in our case, while monthly burning in small portions can create deflationary pressure, it may not support the price as effectively as desired, and the novelty has already gone. With this in mind, we propose a diversified approach to utilizing profits from COMP and AAVE while incorporating the burning procedure more effectively. For more details, visit: https://airdao.io/blog/reevaluating-token-burning-exploring-new-strategy

Your Voice Matters! We believe in the power of community support and engagement. It’s time to decide: Do you accept this new approach to token burning and profit utilization?

Off-Chain Vote

For
104.38M AMB43.1%
Against
137.75M AMB56.9%
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Timeline

Jul 16, 2024Proposal created
Jul 17, 2024Proposal vote started
Jul 19, 2024Proposal vote ended
Jul 19, 2024Proposal updated