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AlluoAlluoby0xfb7A51c6f6A5116Ac748C1aDF4D4682c3D50889E0xtuytuy.eth

[Emergency proposal] Update strategy towards the unpegging of UST

Voting ended almost 4 years agoSucceeded

After the last vote, the main Treasury Gnosis safe signers have executed some sell orders.

We are still sitting on 1,117,529 UST which is around 40% of our initial position.

Given the latest announcements from Do Kwon from the Terra project (https://twitter.com/stablekwon/status/1524331171189956609), there is no clear and conclusive plan to save the peg.

This proposal is to give a chance to holders to review their position after this announcement.

The 3 proposed options are:

  1. Do nothing: keep our exposure to UST and wait for better days.
  2. Liquidate all exposure by Friday 13th May 2022: no matter the loss, liquidate everything at market price from Binance (only liquidity available atm)
  3. Reduce exposure by 50% over by Friday 13th May 2022, letting the multisig signers decide on the most opportune time.

Off-Chain Vote

Do nothing
0 ALLUO0%
Liquidate all exposure by Friday
43.49K ALLUO100%
Reduce exposure by 50% by Friday
0 ALLUO0%
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Timeline

May 11, 2022Proposal created
May 11, 2022Proposal vote started
May 11, 2022Proposal vote ended
Oct 26, 2023Proposal updated