Essentially, back tokens through rotating option contracts instead of perps.
Safer in terms of liquidations while still having massive upside during market moves.
We’re building this.
Our DAO proposal has passed (106m yes / 0 no)
Stable Bank Treasury is now live receiving 30% of Fees Generated.
The treasury can be tracked on our website https://t.co/bOOkwTGXcP
By our next proposal the dao governance will be routed through an on-chain program.
We are expecting our treasury proposal to pass tomorrow. This will enable us to use funds for investments and additional liquidity opportunities.
Stay tuned.
Stable Bank DAO.
Phase 1 has begun with a snapshot of all current holders. Your token balance is your voting power.
Proposal: Activate the Stable Bank Treasury — 30% to treasury / 70% to holders.
Vote now!
https://t.co/SPOGvfLAK6
Stable bank DAO starts tomorrow.
Treasury wallet will be the first vote. This will be to assess the validity of a stable reserve, potential trading opportunities, along with buybacks and burns.
- Mark