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Moonwell GovernanceMoonwell Governanceby0xCd9aB569b86623daf1dd709533b6A1845Dac52e50xCd9a…52e5

Reallocation of Nomad Collateral and Protocol Reserves for FRAX

Voting ended about 2 years agoSucceeded

As described in the Moonwell RFP forum post around bad debt, there are two paths forward to liquidate the Nomad Collateral.

One of these approaches is the standard approach, and the other is defined as the alternative approach.

The community can choose between the following options:

  1. Standard approach - with curly as community signer
  2. Alternative approach - with curly as community signer
  3. Do nothing

Both options 1 and 2 are beneficial to the overall health of Moonwell's liquidity and we hope to see the community vote for either of these options to restore liquidity to the markets.

Off-Chain Vote

Standard - curly as signer
17.6M WELL95.9%
Alternative - curly as signer
108.17K WELL0.6%
Do nothing
644.41K WELL3.5%
Quorum:184%
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Discussion

Moonwell GovernanceReallocation of Nomad Collateral and Protocol Reserves for FRAX

Timeline

Jan 10, 2024Proposal created
Jan 10, 2024Proposal vote started
Jan 13, 2024Proposal vote ended
Jan 13, 2024Proposal updated