We can use about $7 million inside the DAO to initiate a buyback to dampen the down market. Should we do this?
MCB prices are currently extremely undervalued and I think it is appropriate to use DAO’s funds to repurchase now.
MCB price is extremely low at the meantime, team have to do something to hold the price, if they don’t, all holders should activate DAO to save everyone’s portfolio
It is definitely worth discussing to buy back MCB by DAO treasure. But, a detailed plan (the amount of buyback, price range, etc.) should be made carefully. It is not a good idea to cast the vote on snapshot.org before we have a clear plan.