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Velora DAOVelora DAOby0x52A6F747949716FF60674a8A37dAF20b77DAef220x52A6…ef22

Proposal to Recover PSP Value

Voting ended over 3 years agoSucceeded

Whatever is happening with PSP, it's clear it is not working. Any value the token seems to acquire is immediately erased as we reach new ATL every week. The Paraswap token has contributed to the project losing investors and credibility as the token approaches zero.

This is a simple proposal to regain confidence in the Paraswap team and an attempt to recover some losses to any investor of PSP.

  1. Immediately stop all yield farming
  2. Immediately stop gas refunds.
  3. Burn any remaining PSP in vaults
  4. The Paraswap team must attempt to add PSP to notable centralized exchanges.
  5. Seed and "professional" MM's must lock all yield gains for at least 1 year.

I'm tired of losing money from a team that seems ignorant of the problem. Let me know what you think.

Off-Chain Vote

Yes
2.05M PSP34.4%
Yes but with Edits
555.57K PSP9.3%
No
3.34M PSP56.2%
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Timeline

Jun 05, 2022Proposal created
Jun 05, 2022Proposal vote started
Jun 18, 2022Proposal vote ended
Oct 26, 2023Proposal updated