See linked proposal description for details and rationale.
If approved, new funding proposals for Honey from 1Hive will be redeemable for Council Safe Assets (in Gnosis Chain Council Safe only: https://app.safe.global/balances?safe=gno:0xc6c2E9EFB898A42DB4137B07b727b45e0C353d81) at a swap rate of:
[Total $ value of assets in GC Council Safe ] / [Total Supply of Honey]
Using current values as an example, this would be:
Redemption Price of Honey = $5.80
The Council Safe will manually execute redemptions at the redemption rate calculated when the swap occurs.