The first 90 days of grant operation will be completed on the 6th of January. The proposal states that at this time operation will change to sell-side only and proceeds will begin being prepared for dividend distribution, in chunks of 50000 NBT worth of sales. I have no intention of breaking the terms of this agreement, however, I am very much aware of all the conversation that has been taking place on this forum about how protection of the peg should be top priority over things like dividend distribution. For this reason, I have prepared a motion that will extend the dual-side operation of this grant for another 30 days. I would like to encourage everyone to vote for this motion, immediately! If it has not passed by the 6th, dividend preparation will begin. I don’t feel like there is enough time to include more meaningful changes in this motion but this should buy us some time. Lets start the discussion, now, about how this network really needs the grant to change in order to primarily promote the stability and longevity of the peg and I will create a new motion before the additional 30 days have passed.
Motion hash: 0A4C19B33EB40845268A942067416AF2CCDC4C93
Passage of this motion will extend dual-side operation of Proposal to Provide Dual-Side/Sell-Side Liquidity and Shareholder Dividends (amended), Revision 0.1.1, by Jamie Miller, for additional 30 days. All funds will remain available for liquidity operations only. No dividends will be prepared or distributed during this time. This motion includes no other changes to the language of the original custodial proposal.
I hope that everyone enjoys the remainder of their holiday weekend!