I propose to use these tokens to buyback $wnxm given it trades below book value and could be used in a more aligned way to compensate future contributions from the community vs paying those contributors in $lido, $gal or $cream. One could also argue that both Lido and Cream are on paper more overvalued than $wnxm, given $wnxm trades over 50% below its intrinsic value of $eth.
To improve execution compared to last time, i’d suggest to use 1inch gasless limit orders or cowswap, and to only pay up to 0.015 eth per $wnxm, and otherwise wait with buying back til it goes below this or a lower threshold.
Thoughts? Alternatively would suggest selling those tokens for stakedETH for the community fund to pay future contributors
Agree with Gauthier, majority of value is in the LDO tokens and tend to have some bias towards waiting until post-merge to see what happens with the token value. We don’t have any need for these funds immediately and can afford to wait a little if we think value will increase. But generally supportive of selling this within next few months when the community agrees LDO is fairly / over valued.