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Origin DeFiOrigin DeFiby0xF2B8C142Edcf2f3Cc22665cCE863a7C9A3E9F156rugolini.eth

Stop buyback in favor of protocol development

Voting ended almost 3 years agoSucceeded

Author(s):

rugolini

Proposal:

Let's stop with buyback to accumulate CVX or AURA for the protocol

Summary

Enter a short 1-3 sentence summary of the proposal, tl;dr version of what follows Since the beginning of the year, we have accumulated 14833.221542 OUSD for the buyback. This amount doesn't move the needle nor create buy pressure for OGV. I believe these funds would be better used to buy CVX or AURA to benefit the protocol strategies.

Motivation

While looking at our backlog, one task was automating the buyback process. This made me examine how much buy pressure we generate and whether the current manual work is worth the process.

Goals

Accumulate more CVX or AURA tokens.

Off-Chain Vote

Yes
13.27M veOGV14.1%
No
80.84M veOGV85.9%
Quorum:188%
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Timeline

May 31, 2023Proposal created
May 31, 2023Proposal vote started
Jun 07, 2023Proposal vote ended
Mar 04, 2026Proposal updated