Warning: do not trade on this proposal, hegic trades so far below book because @0mllwntrmt3 does whatever she wants. Historically she has never let holders vote, but she has also never rugged and seems to care about the protocol. We are 100% confident that there are plenty of "trapped" holders that will sell into buys if there are any, potentially even ourselves.
That being said - it was quite refreshing to see her at least entertain the idea of making a tokenomics change that
- Allows hegic to be valued for its treasury assets
- Improves the resilience and yields of stake & cover
- Creates a new way for stakers to hedge their yields with Pendle
- Finally redeems the WHITE and stakes the ETH
- Uses some of our favorite defi tooling like @eulerfinance
We collaborated with hegic contributor paradoxprince to write a full proposal. It's in the hegic discord governance section... pls check it out and let us know what you think!
gmolly & note: dcf cap holds $hegic
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