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🐮 Beefy DAO votes for the buyback of $BIFI
Many were bummed out by the dip in price $BIFI recently. But the team isn't staying silent.
The DAO has kicked off vote BIP:99 — if the majority votes 'Yes', the Treasury Council will have the right to buy back $BIFI from the protocol's treasury at prices below fair value.
This will reduce the circulating supply and create support for the price from the bottom — a classic buyback, just like public companies do.
Voting is active until May 7. Right now, 61% are in favor.
It's nice to see that despite the turbulence, the protocol is thinking about holders and taking action. #BIFI #Beefy #BeefyFinance
Many were bummed out by the dip in price $BIFI recently. But the team isn't staying silent.
The DAO has kicked off vote BIP:99 — if the majority votes 'Yes', the Treasury Council will have the right to buy back $BIFI from the protocol's treasury at prices below fair value.
This will reduce the circulating supply and create support for the price from the bottom — a classic buyback, just like public companies do.
Voting is active until May 7. Right now, 61% are in favor.
It's nice to see that despite the turbulence, the protocol is thinking about holders and taking action. #BIFI #Beefy #BeefyFinance
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