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JuiceboxDAOJuiceboxDAOby0x50e70c43a5DD812e2309eAcea61348041011b4BAgnance.eth

JBP-439 - Temporarily Disable Redemptions

Voting ended over 2 years agoSucceeded

Synopsis

Set the JuiceboxDAO project's redemption rate to 0% to reduce the risk of deploying the buyback delegate.

Context

At the contract crew's recommendation, the deployment and implementation of the buyback delegate have been delayed by several cycles to allow for final reviews and optimizations (see PR #17). The buyback delegate has permission to mint JBX, meaning any errors or edge cases could lead to runaway minting and redemption of some or all of the funds from JuiceboxDAO's project. To prevent any potential loss of funds, we should temporarily disable redemptions.

Specification

Set the redemption rate to 0% in the upcoming cycle.

Risks

This proposal doesn't include a timeline for re-enabling redemptions, leaving it to a future proposal instead.

Off-Chain Vote

For
103.16M JBX100%
Against
0 JBX0%
Abstain
0 JBX0%
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Discussion

JuiceboxDAOJBP-439 - Temporarily Disable Redemptions

Timeline

Sep 26, 2023Proposal created
Sep 26, 2023Proposal vote started
Sep 30, 2023Proposal vote ended
Feb 25, 2026Proposal updated