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StabilizeStabilizeby0x63Dbf00C99EaD0635FF5aDf2fd2f1F7F2141fc7C0x63Db…fc7C

Should we buy and burn STBZ with treasury funds

Voting ended over 5 years agoSucceeded

It would immediately help the price of STBZ if the funds in the treasury get sold weekly to buy STBZ from the ETH/STBZ pool; and to burn the bougt STBZ. This would give an instant and consistent support for the STBZ price and have a deflationary effect. This would have clear advantages compared with the existing method of hoarding the funds for a later burn in the far future, since this hoarding method just creats a price floor, but no real price support at this early stage since the funds are basically locked and un-used untill the STBZ m-cap is similar to the treasury value.

Off-Chain Vote

Yes, please frequently buy and burn STBZ with treasury funds
0 0%
NO, leave it like it is
0 0%
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Timeline

Oct 22, 2020Proposal created
Oct 22, 2020Proposal vote started
Oct 23, 2020Proposal vote ended
Oct 26, 2023Proposal updated