Stop the buybacks, redistribute treasury on current holders! Yes, thats it. It`s time to end this ASAP. Help me with math and to write the proposal.
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Agreed - convert the treasury to stable coins (non MIm) as quickly as possible and distribute pro rata based on wMemo ownership. This will force anyone holding unstaked time/memo to wrap immediately and resolve this as quickly as possible. I also wouldn’t be opposed to earning yield on the stables and have the distribution occur over a set period of time so we could potentially recoup more of our loss. This would be contingent on finding a suitable treasury manager which I am doubtful of at this point.
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