Executed

Disable Convex renBTC+WBTC Vault


Proposal ID

16

Proposed

Result details
Final Votes

Quorum

53.47M of 0

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

53.47M of 0

Majority support

Yes

For

53.47M

Against

0

Abstain

0

Final Votes
Status

Draft created

Published onchain

Voting period started

Voting period ended

Proposal queued

Proposal executed