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Fortress DAOFortress DAOby0x57E04786E231Af3343562C062E0d058F25daCE9E0x57E0…CE9E

Proposal v2: partly reverse FORT-0012

Voting ended about 4 years agoDefeated

In https://snapshot.org/#/fortressdao.eth/proposal/0x4447776a5725c9177079e32873a233b4dcea96bb17f2c3564c4744b31b5568e9, it was approved to burn 95k tokens from FUSD, FUSD committed not to vote its tokens, and in exchange FUSD was explicitly permitted to transact on the market.

Since then, the community has raised concerns about FUSD participating in the bonding market. As such, the following changes to the prior proposal are proposed:

  1. 95k rebase adjusted tokens from the burn will be minted and added to the FUSD treasury.
  2. Bonding will remain disabled
  3. When the tokens minted by FUSD via bonding become claimable, FUSD will burn them and will be entitled to a reimbursement from the Fort treasury of all sFUSD paid. All other provisions remain.

Off-Chain Vote

For
107.17K 40.9%
Against
153.36K 58.5%
Abstain
1.69K 0.6%
Download mobile app to vote

Timeline

Feb 08, 2022Proposal created
Feb 08, 2022Proposal vote started
Feb 09, 2022Proposal vote ended
Oct 26, 2023Proposal updated