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CURVEBOBRCURVEBOBRby0x6071a1183464F7BD00962CDb675c8A936271BBe00x6071…BBe0

Burn All BobrCRV from the Multisig by Adding to the Pool and Burn LP Tokens by Sending to 0x0 or 0x0..dead

Voting ended about 1 year agoSucceeded

Objective: To burn all BobrCRV tokens held in the multisig wallet, along with their associated LP tokens, in order to reduce the total circulating supply, increase scarcity, and potentially enhance the value of the remaining tokens.

Proposal Details:

  1. Burn All BobrCRV from the Multisig:

    • All BobrCRV tokens currently held in the multisig wallet will be burned by adding them to the liquidity pool. This action will permanently remove them from circulation.
  2. Burn LP Tokens by Sending to 0x0 or 0x0..dead:

    • All associated LP tokens will be burned by sending them to a burn address (e.g., 0x0000000000000000000000000000000000000000 or 0x000000000000000000000000000000000000dead). This will permanently remove the LP tokens from circulation, reducing the overall liquidity pool supply.

Implementation Steps:

  1. Community Vote:

    • A governance vote will be initiated to allow the community to decide on the proposal. Voting will be conducted through the platform’s governance mechanism.
  2. Execution:

    • If the proposal passes, all BobrCRV tokens from the multisig will be added to the liquidity pool, and the corresponding LP tokens will be sent to the burn address.
  3. Verification:

    • The transaction will be publicly verifiable on the blockchain, ensuring transparency and trust in the burning process.

Benefits:

  • Complete Token Burn: All BobrCRV tokens held in the multisig will be burned, significantly reducing the circulating supply.
  • Increased Scarcity: Reducing the supply of BobrCRV and LP tokens can lead to increased scarcity, potentially driving up the value of the remaining tokens.
  • Enhanced Value: By burning tokens, the protocol demonstrates a commitment to long-term value creation, which can attract more investors and users.
  • Community Engagement: This proposal involves the community in the decision-making process, fostering a sense of ownership and participation.

Conclusion:
This proposal aims to fully burn all BobrCRV tokens from the multisig and their associated LP tokens through a transparent and community-driven process. By doing so, we can enhance the value of the remaining tokens and strengthen the overall ecosystem.

Vote: [For] [Against]


Please review the proposal and cast your vote accordingly. Your participation is crucial in shaping the future of the BobrCRV ecosystem.

Off-Chain Vote

For
44.78 bobrCRV34.3%
Against
85.74 bobrCRV65.7%
Quorum:653%
Download mobile app to vote

Discussion

CURVEBOBRBurn All BobrCRV from the Multisig by Adding to the Pool and Burn LP Tokens by Sending to 0x0 or 0x0..dead

Timeline

Feb 05, 2025Proposal created
Feb 06, 2025Proposal vote started
Feb 09, 2025Proposal vote ended
Feb 10, 2025Proposal updated