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Cedar GovernanceCedar Governanceby0x01DD800Ffc1119Ae8D2B5Df35f9F85BaF2d2386CELG Owner

Convert 1800 BNB from the LP Wallet into USDT

Voting ended over 1 year agoSucceeded

Following the exploit of the Staking contract and the removal of the liquidity pool (LP) to safeguard holder value, the value of the BNB held has significantly increased. The LP wallet currently contains 5,743 BNB & 1,107,761 USDT. This proposal is to convert 1800 BNB into USDT if an average price above $600 per BNB can be achieved, resulting in a minimum of $1,080,000 USDT.

This is not intended to predict future BNB prices. Instead, it offers an opportunity to secure gains, should BNB retrace in value before the relaunch. That said, voters should also consider the potential for further increases in BNB's price.

The decision is now up to the community. Please cast your vote.

Disclaimer: The committee will work within its ability and availability to execute any approved swap on behalf of the community. However, the committee is not liable for any failure to complete the transaction due to unforeseen circumstances, including but not limited to availability, market conditions, or technical issues.

Off-Chain Vote

Swap 1800 BNB above $600
95.51M ELG43.2%
Do not Swap any BNB
125.49M ELG56.8%
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Timeline

Sep 29, 2024Proposal created
Sep 29, 2024Proposal vote started
Oct 01, 2024Proposal vote ended
Apr 19, 2025Proposal updated