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PathDAOPathDAOby0xbd064f180cA35ADDc79eE2aD4Cd76a713265dE650xbd06…dE65

PIP-6: $PATH token value alignment

Voting ended almost 4 years agoSucceeded

We propose to better connect the performance of treasury and market value of $PATH.

There are two options proposed by the community:

Option (A): Profit sharing via NFT

  • 30% of realised gains to share with Pathfinders NFT holders. $PATH tokens will be burned to mint Pathfinders NFT.
  • 70% of realised gains back to treasury as USDC

Option (B): Direct buyback of $PATH tokens

  • 20% of realised gains back to treasury as USDC
  • 5% of realised gains back to treasury as BTC /ETH
  • 60% of realised gains as support on 10%-35% below the market value ($PATH bought will be kept in the treasury)
  • 15% of realised gains to market buy $PATH ($PATH bought will be kept in the treasury)

Option (C): Reject both proposals and continue the search for better mechanism to connect treasury performance to market value of $PATH

Full information and Discourse: Option A: https://gov.pathdao.io/t/pip-6a-should-pathdao-implement-an-nft-based-profit-sharing-utility/

Option B: https://gov.pathdao.io/t/pip-6b-improvement-to-a-more-sustainable-and-aligned-path/

Off-Chain Vote

A: Profit sharing via NFT
603.14K 1.7%
B: Direct buyback of $PATH
32.48M 92.6%
C: Reject both
2M 5.7%
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Timeline

Mar 28, 2022Proposal created
Mar 28, 2022Proposal vote started
Apr 02, 2022Proposal vote ended
Oct 26, 2023Proposal updated