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OrdinallDAOOrdinallDAOby0x05622Ef30aA694542d5c15A521b2F1F8CF344d070x0562…4d07

USDC depegging : We need to act.

Voting ended about 3 years agoSucceeded

Hello everyone,

As you may already be aware, USDC started depegging... It's actually trading at a 10% discount (0.90$). So, currently, we have two options:

1)Swap it into renBTC or another stable like USDT or DAI and cut losses to 10% (equals around 10K loss) 2)Just hold it till USDC repeg to 1$

The cash we hodl in treasury is in USDC as you know. The proposal will be running for 24 hours. Please consider voting below.

Off-Chain Vote

Swap for other stable (10% loss)
29.58K ALL77.1%
Just wait till the repeg
8.77K ALL22.9%
Download mobile app to vote

Timeline

Mar 11, 2023Proposal created
Mar 11, 2023Proposal vote started
Mar 12, 2023Proposal vote ended
Oct 26, 2023Proposal updated