【Market Flash】396 million votes shut down Abracadabra, once valued at $6 billion: the author cast 100 million SPELL and the treasury wallet cast 296 million, totaling just 13.2% of the original 3 billion threshold—while total SPELL supply has only just passed 1 billion, making the original threshold mathematically unattainable. Of the author's votes, 40 million SPELL was bought with treasury USDC and 59.5 million with WETH. Snapshot shows the proposal was rejected, but the proposer declared it passed using a newly established 30% participation rate. Does this vote count? Share your thoughts in the comments.
$SPELL $MIM $ETH
#DeFi #稳定币 #DAO governance
(Source: Protos)
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.