This proposal, if approved, will withdraw Treasury LP 3,445
- the current value of which is ~218
WETH & ~9064
H2O or ~$732,000
.
Once executed, subsequent referenda will create an OTC deal for WETH -> ETH, create a WETH (MRL)/ ETH stablepool to facilitate low-slippage swaps between WETH & ETH (allowing users to easily switch from WETH on Hydration to native ETH without having to send back to Ethereum mainnet, and not shutting down WETH (MRL) as an on/ off-ramp option), before finally withdrawing the remaining Treasury WETH LP and removing WETH from the Omnipool.