Hello @DonOfDAOs,
I think you missed one essential part of the proposal:
Mechanism: The Buyback Operator (a new Safe Smart Account) will swap DAO assets into OUSD or OETH for yield and stability, and then begin OGN buybacks by July 4th, 2025.
While the buybacks will occur over time, the swap of assets into OUSD or OETH will happen relatively quickly, not in months but in weeks. What’s the added value of having this delegation for less than a month to xOGN holders? Can you give an actual number? Remember that whatever you give us should be a liquid asset that can be sold instantly in the open market.
Are you talking about me when you mention “certain Origin team members pushed back”? I think I was very clear with you on why I voted no on the proposal, which was that it felt like a distraction rather than adding value to xOGN holders.
We didn’t have any time to review the MORPHO contracts and assess their implications for the delegation.
Your last paragraph seems unnecessary, and the tone is unappreciated.