juno

Prop 348: Liquidity SubDAO: Withdraw Community Funds from WYND

Status Quo:

With Proposal 341 (https://www.mintscan.io/juno/proposals/341), the Juno community has instructed the multisig signers to migrate the liquidity that is still on the WYND DEX to the newly created Liquidity SubDAO.

This migration has now been completed and the liquidity is under the control of the Liquidity SubDAO, which currently consists of the elected members of the Operations Department.

Proposal:

With this proposal, the Operations Department is asking the Juno community for permission to withdraw liquidity from the WYND DEX and subsequently unstake wyJUNO (LSD from WYND DAO).The project (WYND DEX and WYND DAO in general) is no longer being developed and in order not to put the community’s funds at risk, all funds should be withdrawn.

  1. For the $WYND/$JUNO pool (https://app.wynddao.com/pools/juno1a7lmc8e04hcs4y2275cultvg83u636ult4pmnwktr6l9nhrh2e8qzxfdwf), this would mean that we remove the liquidity and then hold the $JUNO tokens in the treasury of the Liquidity SubDAO, while we return the $WYND tokens to the WYND DAO as per the original agreement.

  2. For the $wyJUNO/$JUNO pool (https://app.wynddao.com/pools/juno1f9c60hyvzys5h7q0y4e995n8r9cchgpy8p3k4kw3sqsmut95ankq0chfv0), this means that we first remove the liquidity and then unstake $wyJUNO to get the $JUNO tokens back. These $JUNO tokens will then remain in the Liquidity SubDAO as well.

Voting Options:

Vote YES if you are in favor of withdrawing the community funds from WYND DAO Vote NO if you oppose withdrawing the community funds from WYND DAO Vote ABSTAIN if you have no preference on this matter Vote VETO if you believe this proposal to be inappropriate or detrimental to the community.