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Roko NetworkRoko Networkby0x6cdDA44E3B32bf1F2Ef0dbA7AF81A49a5558184frokoguardian.eth

Update: Proposal to Acquire remaining minimum $TAO stake need for TAO validator

Voting ended about 3 years agoSucceeded

Due to miscalculation, this proposal required revision:

https://snapshot.org/#/rokonetwork.eth/proposal/0x3cba42bfd23957c03497b8681ed3b372bb9095f77d03b9c3bbb6b6694cc0fb4c

Proposer was under the impression that the treasury holds most of the LPs, believing that we could utilize only ETH to acquire the node.

After further discussions, we've come to a new strategy:

Sell 5714820000 - 6b $ROKO around half of the ETH needed to purchase the TAO node, and then proceed to remove 21% of the total $ROKO Liquidity pool for the remaining $ETH needed.

If the remaining ETH does not add up to a full node, then sell $ROKO from removed LPs to make up the difference in ETH needed for the TAO node.

Off-Chain Vote

Approve
32.51B ROKO100%
Deny
0 ROKO0%
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Timeline

Mar 12, 2023Proposal created
Mar 12, 2023Proposal vote started
Mar 12, 2023Proposal vote ended
Jul 15, 2024Proposal updated