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PiggyBankDAOPiggyBankDAOby0xa5d6917dc9DacB5E988BB2d77d4D08B0BE854e4B0xa5d6…4e4B

PiggyBank - Redistribution

Voting ended about 4 years agoSucceeded

As we have seen in other DAOS, they chose the option of the distribution of the treasury among the holders after dropping much of its price below the backing price. I think looking at PB's price action over the last few weeks and Moro's problems (health and communication). I think the fairest thing would be to distribute this tresaury among the PB holders, and then maybe start another project among all of them, but for now, start with this step.

The price during the month of December has fallen from 48 to 6 dollars, and the price continues to dilute. That is why I would like to start a vote to know the opinion of the PB community about this

Once the proposal is passed, we expect a new page will appear on PiggyBank dapp called Redistribution.

HOW IS THE RISK-FREE VALUE PER $PB CALCULATED?

Risk-free value per $PB is calculated by adding all treasury owned assets market value: MIM, MIM from the PB-MIM liquidity pool, and WBTC

And dividing this by all user owned $PB: calculated by taking the $PB total supply, minus the amount of $PB owned by the DAO, the team, as well as $PB owned by the liquidity pools.

RFV = Treasury Assets Value / User Owned PB Supply

Backing per $PB $40

Off-Chain Vote

For a redistribution
8.81K 100%
Against a redistribution
0.16 0%
Download mobile app to vote

Timeline

Jan 05, 2022Proposal created
Jan 05, 2022Proposal vote started
Jan 08, 2022Proposal vote ended
Oct 26, 2023Proposal updated