Executed

Disable Convex renBTC+WBTC Vault


Proposal ID

16

Proposed

Jan 17th, 2023

Result details

2 addresses

53.47M votes

Final Votes

Quorum

Pending

Majority support

Yes

For

53.47M

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0xEA5e...4767

cancelShield(..)

Custom

Account

0xEA5e...4767

Method

cancelShield(..)

Proposal

BadgerDAO has announced the shut down of Ren 1.0 network on 12/20/22. This will mean renBTC is no longer bridgeable to the native Bitcoin network Source.

This proposal will remove the Convex renBTC+WBTC vault from the Uninsurance ecosystem. Once this proposal executes, deposits in the vault are still withdrawable but they will no longer contribute to, or be covered by, the risk sharing system.

Final Votes

Quorum

Pending

Majority support

Yes

For

53.47M

Against

0

Abstain

0

Final Votes

2 addresses

53.47M votes

Status

Wed Jan 18, 12:00 am

Draft created

Tue Jan 17, 11:58 pm

Published onchain

Fri Jan 27, 09:20 am

Voting period started

Sun Jan 29, 06:56 pm

Voting period ended

Sun Jan 22, 09:18 pm

Proposal queued

Mon Jan 30, 08:55 pm

Proposal executed