The latest as I understand it: REP-11, buyback and burn has been approved by the validators. 80% of 885 $WETH and $600k $USDC approved by validators to be used to buyback and burn $RON. The hold up to implementation as I understand it is the team is working on a design to avoid multi-sig signers of Treasury being unnecessarily taxed by these funds being swapped. I take that to mean: these funds WILL BE eventually used to buy and burn $ron once that is complete.
I fucked up. I was under the impression REP11 was approved, but it is in a stagnant status. That doesn't change the fact that the Ronin Treasury holds 885 WETH and $600k in stablecoins. Does any one know anything more about what this Stagnant status is and where we currently are on this proposal?
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