proposal REP-0011: Ronin Buyback and Burn was approved (see link in comments).
80% of the non - $ron tokens in Ronin treasury will be used to buyback and burn $ron tokens.
There is 885 WETH in the treasury and 600k USDC in the treasury. 80% of that at today's prices is like $2.3 million. At $.55, $2.3 million buys 4.18 million $ron.
That's burning 1 out of every 239 tokens... forever.
not sure when this proposal goes into effect, but time could on our side as $eth in the treasury becomes more valuable.
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