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PlanetPlanetby0xFd525F21C17f2469B730a118E0568B4b459d61B90xFd52…61B9

OTC GAMMA Sale From The Treasury

Voting ended almost 4 years agoSucceeded

A long-term Planet user has proposed an OTC (over the counter) offer to buy 600,000 GAMMA from the treasury at a market price of $0.48 per GAMMA.

This would allow the treasury to trade 600,000 GAMMA for $288,000 in stable coins, meaning the treasury will not have to sell the GAMMA to pay for future marketing (or other proposed) expenses.

The Planet user is interested in locking the gamma long term to get the best discount level on Green Planet. This aligns with the vision set out in the Green Paper for GAMMA utility and will likely help increase the TVL.

Off-Chain Vote

Yes, approve the OTC trade
89.96K AQUA95.2%
No, do not approve the OTC trade
4.54K AQUA4.8%
Quorum:262%
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Timeline

Apr 08, 2022Proposal created
Apr 08, 2022Proposal vote started
Apr 15, 2022Proposal vote ended
Oct 26, 2023Proposal updated