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Nexus Mutual DAONexus Mutual DAOby0x07CC9A545238c06c43a9fd9105fb5d7F61C328A4nedict0x.lens

Should we grant a 3rd party the ability to sell our PoW ETH on a CEX post-merge?

Voting ended over 3 years agoSucceeded

The Merge on Ethereum will transition the network to Proof-of-Stake. Some stakeholders intend to fork the network to maintain one (or more) Proof-of-work chain(s).

When this happens, the mutual's assets will be duplicated on these other chains.

This vote will act as a temperature check to see if the community is willing to sell these duplicated assets and grant a 3rd party ( most likely someone from the Advisory Board) the ability to send them to a centralized exchange for execution.

If the vote is approved, there will be a follow-up vote on-chain, with multiples options regarding what to do with the proceeds.

Off-Chain Vote

Approve - Grant ability & sell
6.73K NXM100%
Do not approve - Don't grant
0 NXM0%
Download mobile app to vote

Discussion

Nexus Mutual DAOShould we grant a 3rd party the ability to sell our PoW ETH on a CEX post-merge?

Timeline

Aug 09, 2022Proposal created
Aug 09, 2022Proposal vote started
Aug 12, 2022Proposal vote ended
Oct 26, 2023Proposal updated