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RomeDAORomeDAOby0x9BB49880BADC65228DEDe71bb52Daa86dACCb5Bd0x9BB4…b5Bd

RIP 28.1: Full liquidation

Voting ended over 3 years agoSucceeded

Overview

Choice between liquidating the entire treasury (RIP 28.1) or liquidating it partially (RIP 28).

This snapshot is based on RFC 28 and is one of the options describe in RIP 28.

Motivation

The successful RIP 28 snapshot lays out that a full liquidation option vote would also happen.

Execution

  1. This (RIP 28.1) is a simple choice between liquidating the full treasury or liquidating part of it outlined in RIP 28.

  2. If this vote is successful, pull ROME/FRAX Liquidity ASAP.

  3. Liquidate the treasury into stablecoins in a way that mitigates security risks and is the best value for token holders (precise execution left to team).

  4. Allow redemption equally amongst all Rome tokens (except the ones in the treasury or from the protocol owned liquidity).

  5. Begin ASAP.

Off-Chain Vote

YES, full liquidation
349.63K sROME99.6%
NO, partial liquidation
1.54K sROME0.4%
Quorum:468%
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Discussion

RomeDAORIP 28.1: Full liquidation

Timeline

Jul 01, 2022Proposal created
Jul 01, 2022Proposal vote started
Jul 04, 2022Proposal vote ended
Oct 26, 2023Proposal updated