Terminate vesting of HFT immediately to NFT holders who held or staked less than 20% of the HFT that they claimed from Dec 7, 2022 to Dec 19, 2022. Exempted wallets are those that held or staked at least 40% of the HFT that they claimed over the first 30 days post-TGE (Nov 7, 2022).
Benefits (Pros):
- Eliminate significant and recurring sell pressure on HFT
- Use tokens to instead support protocol and community growth and development
- Create a healthy ecosystem that attracts others to hold HFT and participate in governance
Downside (Cons):
- Upset NFT holders who have already profited at the expense of the protocol
Voting:
- “Yes” to terminate HFT vesting for NFT holders that fit the criteria
- “No” to continue HFT vesting for NFT holders that fit the criteria