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OtterClamOtterClamby0x41222a33d9B40173118BD8B80114a9ce3617664E0x4122…664E

CIP049 - Dump DYST/PEN

Voting ended over 3 years agoSucceeded

This proposal will essentially halt all further investment into Pentopia. All DYST/PEN/penDYST earned on Penrose will be traded for CASH, a yield-bearing stablecoin to keep our stable assets diverse, and once the Satin DEX is launched (assuming the DAO is in favor of CIP048 - Participate in CASH and Satin DEX Launch), we can pair that CASH to our farmed Satin for governance power and additional yield in the Satin ecosystem, which could potentially net us the same great benefits that we enjoyed in Pentopia's infancy.

Additionally, any penDYST that we have will be sold for CASH, peg be damned.

We would likely keep our vlPEN voting for our CLAM/USD+ for now, even though we will get diminishing returns. If the profitability drops too much, we can always consider moving elsewhere, although finding ANY profit for our LP outside of potentially the Satin DEX is unlikely. So a little is better than nothing.

Off-Chain Vote

For
122.58K vCLAM100%
Against
0 vCLAM0%
Abstain
0 vCLAM0%
Download mobile app to vote

Timeline

Oct 25, 2022Proposal created
Oct 25, 2022Proposal vote started
Oct 28, 2022Proposal vote ended
Oct 26, 2023Proposal updated