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Notional FinanceNotional Financeby0xCece1920D4dBb96BAf88705ce0A6Eb3203ed2eB10xCece…2eB1

[NIP-14] Renewing the COMP Reinvestment Program for sNOTE

Voting ended over 3 years agoSucceeded

Summary

This vote is to determine if the Notional protocol should use the ~5,000 COMP that the protocol has accrued over the last six months for reinvestments over the next six months at a rate of 833 COMP per month. At the current COMP price of $60 this would result in a re-investment of $300k over the next six months and an annualized return to sNOTE holders of ~21%.

This vote will also determine if the DAO should replace its current human treasury manager with an automated off-chain process that is more transparent and less costly.

Off-Chain Vote

Yes
615.06K NOTE100%
No
0 NOTE0%
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Discussion

Notional Finance[NIP-14] Renewing the COMP Reinvestment Program for sNOTE

Timeline

Oct 10, 2022Proposal created
Oct 10, 2022Proposal vote started
Oct 15, 2022Proposal vote ended
Oct 26, 2023Proposal updated