Due to our recent findings, and analysis. We have discovered a solution to the problem of price instability. Our findings have shown with great discussion backed behind them that closing our MIM pool and merging with our DAI pool to create a larger pool, will be beneficial to ALL holders.
Why? Because users often unwind their positions in a single pool, those that are aware of the dual pool are often not able to execute efficiently enough. This was clearly evident in the last 72 hours of price action. What happens is arbitrage bots are able to fill positions quicker for those that are wanting to split their positions on the two pools as to not hurt the price on the way out. This solution is a mitigation that everyone will benefit from. Also, it will allow for price stability within the ecosystem and easier price discovery for exchanges wanting to display our price.
We feel that this is an obvious solution and want the community's stamp of approval. We are going to give the $FHM FHMILY the courtesy to move fast with this decision as it is of the utmost importance to price stability. We want to thank everyone who has brought to our attention some of their findings. This is a solution that we strongly advise. This vote will be 24 hours and will prompt a simple yes we support the decision. Or a No.