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RuGenerous DAORuGenerous DAOby0x304A97c9A85C92C93Ca24e0A85B69f892B67355Enaturalbornliquidity.eth

RIP #20- GTFO

Voting ended almost 4 years agoSucceeded

Its the moment some of you have been waiting for. Redemption time below are a few choices on how to carry it out. These were designed to get those who want and are inactive out while not hindering the goals of DAO.

  1. The Basic- Redemption at 1.50 which is 50 cents above the guaranteed backing. Every rug will be accounted for. The redeemer will stay on until fully redeemed and the LP will be removed to prevent arbs. RUG Burned afterwards. pretty simple no nonsense.

2.The Rising-Redemption at 3.50 for 100k tokens. Then another Redemption at 5 for 50k tokens in the near future. This effectively makes the floor rise from those looking for arb opportunities and put us back into a positive feed back loop which allows us to bring back staking and tithes(bonds) in a more effective way than before . All while preserving resources and giving those who want to go a higher floor out. And like the above the redeemed rug will be burnt off never to be seen again.

Off-Chain Vote

1
1.36K RUG2.2%
2
61.69K RUG97.8%
neither
0 RUG0%
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Timeline

Apr 02, 2022Proposal created
Apr 02, 2022Proposal vote started
Apr 04, 2022Proposal vote ended
Oct 26, 2023Proposal updated