• © Goverland Inc. 2026
  • v1.0.8
  • Privacy Policy
  • Terms of Use
OtterClamOtterClamby0x41222a33d9B40173118BD8B80114a9ce3617664E0x4122…664E

CIP033 - Purchase more PEN?

Voting ended over 3 years agoSucceeded

We have been DCA'ing into PEN since CIP027 passed, but those funds run out in 4 days. This proposal would authorize another $25,000 from our stablecoin LP for continued DCA.

To put it in perspective, we own about 20% of the entire Penrose governance right now. This has allowed us to shunt a massive amount of rewards to our USD+/CLAM pair on Penrose, equal to about $500,000 per year at current prices and rates. This is from a $25,000 DCA and locking any PEN rewards we receive.

With CIP034's tokenomics, we will now be selling 70% of our PEN rewards instead of reinvesting all of it, so a DCA seems prudent here.

Off-Chain Vote

For
33.83K vCLAM100%
Against
0 vCLAM0%
Abstain
0 vCLAM0%
Download mobile app to vote

Timeline

Jul 18, 2022Proposal created
Jul 18, 2022Proposal vote started
Jul 19, 2022Proposal vote ended
Oct 26, 2023Proposal updated