Regarding the Usage of COFFIN in CoUSD Collateral
We are currently in the process of a redemption procedure related to CoUSD collateral. For further details on this, please refer to our previous announcement.
One of the key aspects of the CoUSD collateral is the inclusion of COFFIN tokens. We seek your active participation in determining the best way to utilize these COFFIN tokens. For this purpose, we are initiating a proposal and voting process.
If you support the idea of putting the COFFIN tokens into the XCOFFIN pool, please cast your vote for 'XCOFFIN'. If you believe that it would be more beneficial to burn these COFFIN tokens, then vote for 'BURN'. If you think that we should explore other options for the utilization of COFFIN tokens, please vote for 'OTHERS'.
We look forward to your active participation and thank you for your continuous support.
Off-Chain Vote
Timeline
May 23, 2023Proposal created
May 23, 2023Proposal vote started
May 25, 2023Proposal vote ended
Oct 26, 2023Proposal updated