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1Hive1Hiveby0x809C9f8dd8CA93A41c3adca4972Fa234C28F7714paul2.eth

Allow Honey from New 1Hive Proposals to be redeemed for Council Safe Assets

Voting ended over 1 year agoSucceeded

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:

  • Total $ value of assets in GC Council Safe = $338,670
  • Total Supply of Honey = 58,401

Redemption Price of Honey = $5.80

The Council Safe will manually execute redemptions at the redemption rate calculated when the swap occurs.

Off-Chain Vote

Approve
4.65K HNY100%
Reject
0 HNY0%
Abstain
0 HNY0%
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Discussion

1HiveAllow Honey from New 1Hive Proposals to be redeemed for Council Safe Assets

Timeline

Sep 04, 2024Proposal created
Sep 04, 2024Proposal vote started
Sep 11, 2024Proposal vote ended
Feb 11, 2026Proposal updated