HDX buyback with Treasury H2O - Tranche 1.1 (the rebirthening)

Treasurer
9d ago
5 Comments
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Decision7d
Confirmation12hrs
Attempts
1
Tally
95.6%Aye
57.7%Threshold
4.4%Nay
Aye
1.58BHDX
Nay
72.64MHDX
  • 0.0%
  • 0.0%
  • 0.0%

Threshold

Support12.3%
521.33MHDX
Issuance
4.23BHDX
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Call
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Timeline6
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Comments

I'd recommend waiting a couple days before doing this. Maybe, 5 days. HDX is just about overbought on the daily rsi, and might dump the second our buys finish.

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Up 4

I remain against this.

Giving protocol-owned HDX to governance nerds is a bad strategy for attracting new users. The primary beneficiaries are going to be people like me.

I can support just this buyback without any giveaway, but I want to see the timeline extended. We have way too many users extracting value from our treasury by frontrunning. Make them lock up their assets for longer.

Please stop being wasteful with our protocol assets. We sold discounted bonds instead of selling the precious HDX at market price. Now, we are just giving the HDX away.

STOP BLEEDING THE TREASURY

Edited

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Up 2

Wouldn't it be better to use last year's earnings to perform this year's DCA? If too quickly, will run out of money soon.

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Up

Why does voting take so long?

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Up 1