[Event] - 2021 Rug Commemoration
Published
10/18/2025, 12:17:48 PM
Closes
10/28/2025, 10:59:00 PM
Author
7B0x7B98...b902Proposal Content
Summary
Intro Four years ago, on november 1st, 2021, Raptor was rugged by a rogue member, Miguel. For the past two years, we have commemorated this event by proceeding to a buyback and...
Intro
Four years ago, on november 1st, 2021, Raptor was rugged by a rogue member, Miguel.
For the past two years, we have commemorated this event by proceeding to a buyback and burn of RPTR, and we're suggesting to re-enact such a commemoration in 2025.
Description
We suggest burning RPTR on November 1st 2025, as well as buying back RPTR from the market.
Since the Lorentz upgrade led to high amounts of RPTR reaching the Treasury, we're suggesting the following burn amounts:
- 5M RPTR
- 10M RPTR
- 15M RPTR
As well as a $70 buyback amount.
Consequences
We'll burn RPTR and proceed to do the buyback on November 1st following the results of this proposal.
If a buyback is involved, we will use funds from either our Aave position, our Venus position, or both.
Also, please note that the transaction might be delayed due to the fact that our Treasury is a multisig wallet, requiring an approval from multiple members to send a transaction.
Voting Results
Voting Type: single choice
0
0
0
0
0
64.25M
0
Total Votes
2
Total Score
64.25M