ETHW sale and wNXM buyback has been executed!
After members voted to approve Proposal 180, the mutual’s ETHW from the PoW chain was sold on a centralized exchange and the funds were used to buyback wNXM. The execution is now complete.
- Total ETHW sold: 114,135.76
- Total wNXM acquired: 55,802.23
- Book value of acquired wNXM: 1,265.91 ETH
The wNXM has been sent to the Nexus Treasury per the terms of Proposal 180.
Thanks to @Gauthier for starting this discussion and working to turn his original Getting ready for an upcoming Ethereum PoW fork post into an on-chain vote, which members approved. Below is a graphic that highlights the process this discussion, on-chain vote, and execution of the ETHW sale and wNXM buyback.
