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Buzzed Bear PlazzaBuzzed Bear Plazzaby0xaFEaC9b978b692fD093179d52b18D7eECbB924100xaFEa…2410

Use Treasury to Buy Back Bears Below Mint

Voting ended over 4 years agoSucceeded

Bears are currently selling on OpenSea below mint price. If we truly believe in this project, we should use some of the treasury to buy back bears below the mint price. Like a company buys back its own stock when it is low.

This will give the DAO price exposure to the bears.

My suggestion: start with 5 ETH, which gets us 100+ bears for the treasury. We can use genie.xyz, or a similar tool, to execute the sweep.

Off-Chain Vote

Buy 5 ETH
145 45.3%
Buy 3 ETH
3 0.9%
Do Nothing
172 53.8%
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Timeline

Aug 10, 2021Proposal created
Aug 10, 2021Proposal vote started
Aug 11, 2021Proposal vote ended
Oct 26, 2023Proposal updated