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Lobis FinanceLobis Financeby0xe9DcA7442E5fFe1e6930336FD2bFDc185b49C3fC0xe9Dc…C3fC

Should we implement LIP-12?

Voting ended about 4 years agoSucceeded

Overview: Use LP tokens to perform buyback up to Backing price + 10% buffer when market cap goes below 15% discount on the treasury.

Voting options: 1 - Adopt the buyback mechanism 2 - Test the buyback mechanism by doing it twice next time it goes below backing per LOBI, analyze the effect and the transactions, and require a second vote if successful to adopt it for good 3 - Reject the mechanism

Authors: @IceCubeIIIIII , @plutusIIIIII

Draft Proposal: https://forum.lobis.finance/d/61-perform-buybacks-when-market-cap-goes-below-treasury-backing Formal Proposal: https://forum.lobis.finance/d/62-perform-buybacks-when-market-cap-goes-below-treasury-backing

Off-Chain Vote

Adopt
1.56K 9.6%
Test
14.36K 88%
Reject
388.8 2.4%
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Timeline

Jan 14, 2022Proposal created
Jan 14, 2022Proposal vote started
Jan 16, 2022Proposal vote ended
Oct 26, 2023Proposal updated