Use the ARB tokens to buy back UDT
The Unlock DAO currently owns 66800 ARB tokens on the Arbitrum network.
Some of these tokens have been distributed to people who have used the Unlock Protocol on Arbitrum. Unfortunately, a lot of these seem to have been airdrop chasers, rather than long term adopters of the protocol.
The Unlock DAO has its own governance token. I propose to use the ARB tokens to buy back the UDT.
Off-Chain Vote
In favor
289.05 UDT8.2%
Opposed
3.25K UDT91.8%
Timeline
May 12, 2024Proposal created
May 12, 2024Proposal vote started
May 19, 2024Proposal vote ended
May 19, 2024Proposal updated