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ZombieCatsDAOZombieCatsDAOby0xA59271F4ab69454DbdcE068025F2d1227124E721zombiesdao.eth

Should we add liquidity to the $ZCAT liquidity pool?

Voting ended about 4 years agoSucceeded

The price of $ZCAT has recently dipped below USD $0.01. While the true value of $ZCAT lies in its percentage representation of the underlying vault assets, we understand it is hard to detach the value of the token from its monetary value in USD. The true value of $ZCAT lies in its vault value (3 BAYC, 9 CC, 2 MAYC and 40+ ETH) divided by 72,992,700 $ZCAT.

As such, we would like the community to vote on if we should use some ETH from the community wallet treasury to purchase more $ZCAT to artificially increase its token value, all while returning value of the treasury, without waiting for a full vault sale, to the Zombie Cats community.

We would like to emphasize that less ETH in the treasury would also mean less purchasing power for our future purchases. The $ZCAT will be purchased gradually and at random to prevent front runners.

Off-Chain Vote

Yes, we should put 2 ETH
2 14.3%
Yes, we should put 4 ETH
0 0%
Yes, we should put 8 ETH
1 7.1%
Yes, we should put 10 ETH
9 64.3%
No, we should not
2 14.3%
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Timeline

Jan 15, 2022Proposal created
Jan 15, 2022Proposal vote started
Jan 18, 2022Proposal vote ended
Oct 26, 2023Proposal updated